Servotech Renewable Power System Share Price Jumps 4% Despite Weak Market

Servotech Renewable Power System share price rose 4% on Tuesday to touch ₹153 per share in intraday trading, even though the broader Indian stock market showed little movement.

The rally came after the company announced a big new order related to electric vehicle (EV) charging infrastructure.

Big Order for Bengaluru Airport

Servotech said it received an order from Bengaluru International Airport Limited (BIAL) to set up an EV charging station at Kempegowda International Airport.

The station will feature 10 ultra-fast DC chargers, each with 240 kW capacity, totalling 2.4 MW installed capacity. According to the company, this will be India’s first and largest EV charging hub for airside operations at an airport.

The chargers will mainly power electric buses that shuttle passengers between terminals and aircraft, helping the airport cut down carbon emissions and boost efficiency.

Strategic Location and 24/7 Operations

Servotech explained that the charging station will be placed inside the airport premises to ensure round-the-clock airside EV operations.

This setup is expected to speed up turnaround times and make e-transport more reliable for airport operations.

Read more: List of TCS Office Locations in India: Metros to Tier-3 Cities!

Servotech Renewable Power System Recent Performance 

The company’s stock has been gaining momentum due to several order wins and strong results in the March quarter.

In June, Servotech share price surged 19%, marking the biggest monthly jump in the last 9 months. Even with this rally, the stock still trades 28% below its recent high of ₹205.40 per share.

Multibagger Returns Over the Years

Servotech has built a reputation as a consistent wealth creator.

Over the last 5 years, Servotech share price has delivered strong returns year after year. In 2023, it soared 382%, followed by another 117% gain the next year. These performances have cemented its place among India’s top multibagger stocks.

Conclusion

Servotech Renewable Power System’s focus on EV charging and renewable solutions continues to attract investor interest. With new large-scale projects like the Bengaluru airport charging hub, the company is positioning itself as a key player in India’s growing EV ecosystem.

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