Introduction:
A stock in the electric vehicle sector has surged from ₹3.65 to ₹179.20, yielding a remarkable 7,000% return over four years. This incredible rise has turned an initial ₹10,000 investment into ₹7 Lakhs, showcasing massive growth during this period.
Also Read: Stock in focus after SBI, AXIS and ICICI mutual fund bought stake in the company via block deal
Share price movement of Servotech Power:
On December 4, 2024, Servotech Power opened at ₹178.01, up 0.21% from its previous close of ₹178.63. The stock reached a high of ₹180.98 (1.30%) and a low of ₹177.00. By 4:00 PM, it traded at ₹179.20, a 0.32% increase, with a market cap of ₹3,994.44 crore.
EV stock delivers 7,000% returns:
Servotech Power, an electric vehicle (EV) stock, which was trading at ₹3.65 on 3rd December 2021 has seen an extraordinary rise to ₹179.20 as of today, delivering a staggering 7,000% return over four years. This exceptional growth has transformed a ₹10,000 investment into ₹7 Lakhs.
The company’s remarkable performance highlights its strong position in the rapidly expanding EV market. Servotech’s innovative solutions and increasing demand for sustainable energy have contributed significantly to its impressive stock surge, offering substantial returns to investors.
Recent news on Servotech Power:
As of November 28, 2024, Servotech Power surged 3.19% to ₹182.20 after securing a ₹30.2 crore order from UREDA for a 5.6 MW rooftop solar power plant, advancing India’s renewable energy goals and state decarbonization efforts.
Ace investor holding in Servotech Power:
Mahesh Dinkar Vaze
Mahesh Dinkar Vaze holds a 3.63% stake in Servotech Power, owning 8,100,000 shares valued at ₹144.9 crore. This significant holding highlights his confidence in the company’s growth and potential within the electric vehicle and energy sector.
Pankaj Malik
Pankaj Malik holds a 1.87% stake in Servotech Power, with 4,172,315 shares valued at ₹74.7 crore. His investment reflects confidence in the company’s potential within the electric vehicle and renewable energy sectors.
Stock performance of Servotech Power for Period of 1 week, 6 months and 1 year:
Servotech Power has shown strong performance with a 1.17% return over the past week, 113% return over six months, and a remarkable 132% return over the last year, reflecting its steady growth and positive market outlook.
Shareholding pattern of Servotech Power:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 59.30% | 59.70% | 61.40% |
| FII | 6.00% | 5.50% | 2.50% |
| DII | 0.00% | 0.00% | 0% |
| Public | 34.70% | 34.80% | 36.20% |
About Servotech Power:
Servotech Power Systems Limited (NSE: SERVOTECH) is a leading manufacturer and supplier of sustainable energy solutions, specializing in solar products, EV chargers, and LED lighting. Established in 2004, the company focuses on innovation and sustainability in the energy sector.
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.
