Introduction:
EV stock entered a strategic partnership with German firm LESSzwei GmbH to develop a fully solar-powered charging network for micro mobility devices like e-scooters and e-bikes in Germany, enhancing urban transport solutions.
Share Price movement of Servotech Power Systems:
As of today, December 9, 2024, Servotech Power Systems ltd (NSE: SERVOTECH) saw its share price increase, opening at ₹183.60 and peaking at ₹189.67, before closing at ₹186.74, a 3% gain from the previous close of ₹182.36, with a current market cap of ₹4162.51 crores.
Servotech Power Systems share price rise:
Servotech Power Systems Ltd., India’s leading EV charger manufacturer, has partnered with German firm LESSzwei GmbH to create a 100% solar-powered charging infrastructure for micromobility in Germany. This project, named EnerMAAS, will focus on converting existing energy systems into self-sufficient street charging stations for e-bikes and e-scooters.
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The initiative will integrate AI-driven energy management to optimize usage and minimize environmental impact, providing reliable charging through innovative BIKE-Ports. These solar-powered stations, supported by the Federal Ministry for Economic Affairs and Climate Action, Germany, will be capable of charging multiple vehicles simultaneously.
This collaboration between Servotech and LESSzwei GmbH aims to transform urban mobility in Germany by leveraging sustainable energy solutions. The partnership underscores Servotech’s commitment to expanding its global footprint and advancing the adoption of renewable energy technologies in transportation.
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Recent news About Servotech Power Systems:
On December 6, Servotech Power Systems Ltd saw its shares rise by 4%, hitting an intraday high of Rs 184.40 from the previous close of Rs 177.54. The company boasts a market cap of Rs 4,080 crore and has achieved a 7,150% return over five years.
Ace investor holding of Servotech Power Systems:
Mahesh Dinkar Vaze holds a significant position in Servotech Power Systems Ltd., owning 81,00,000 shares, which equates to 3.63% of the company. His investment is valued at ₹151.4 crores. This stable holding reflects a solid commitment to Servotech, showing no change from the previous quarter.
Pankaj Malik owns 41,72,315 shares of Servotech Power Systems Ltd., representing 1.87% of the company. His holdings are currently valued at ₹78.0 crores, with a slight decrease of 0.01% from the previous quarter, indicating a small reduction in his investment stake.
Stock performance of Servotech Power Systems for Period of 1 week, 6 months and 1 year:
Over the past week, Servotech Power Systems saw a modest gain of 1.36% in its stock price. Looking further back, the company’s stock performance has been remarkable, with a 118% increase over the last six months and an impressive year-on-year growth of 136%.
Shareholding pattern of Servotech Power Systems:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 59.34 | 59.7 | 61.35 |
| FII | 5.96 | 5.52 | 2.45 |
| Retail & others | 34.71 | 34.77 | 36.19 |
About Servotech Power Systems:
Servotech Power Systems Ltd. is a leading manufacturer in the renewable energy sector, specializing in solar-powered products and electric vehicle (EV) charging solutions. The company focuses on innovative and sustainable technologies to advance green energy adoption globally.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
