This company's shares surge 14 percent following order win from...
शेयर बाजार भी पाकिस्तान से कई गुना बड़ा
Shares of NSE-listed Servotech Renewable Power System gained over 14 per cent today after the company shared details about the new order win. The counter started the session in green and opened at Rs 150.40 against the previous close of Rs 147.26. Later, it surged to touch a high of Rs 168.50, a gain of 14.42 per cent from the last closing price. Last seen, it held firmly in green at Rs 162.80 with a gain of 10.55 per cent.
The 52-week high of the counter is Rs 205.40 and the 52-week low is Rs 75.50. The market cap of the company is Rs 3,657.23.
Servotech Renewable Power System secures a significant order worth Rs 33.6 crore, marking a promising development for the company's future.
The home-grown EV-chargers company has informed exchanges that it has secured an order worth Rs 33.6 crore from Rangiya Division, Northeast Frontier Railway for a grid-connected solar rooftop project.
'We are pleased to inform all our stakeholders that the company has secured a prestigious order for a 7.8MW grid-connected solar rooftop project from the Rangiya Division of the Northeast Frontier Railway,' said the company.
The order involves design, supply, installation, testing and commissioning of a grid-connected rooftop solar power plant. The company informed exchanges that the order needs to be executed within six months from the date of issue of the letter of acceptance (LoA).
Servotech Renewable Power System Share Price History
The stock has given a multibagger return of 6,333 per cent in one year and 104 per cent in one year. However, it has corrected around 3 per cent on YTD (year-to-date) basis.
Servotech Q4 Results
Earlier, the company demonstrated its financial strength by posting a two-fold rise in net profit to Rs 7.71 crore in the March quarter, driven by higher revenues.
It had reported Rs 3.45 crore net profit in the January-March period of the preceding 2023-24 financial year. The company's revenues increased 8 per cent to Rs 147.46 crore in the fourth quarter from Rs 136.65 crore in the same period last fiscal.
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