Stock in Focus: The leading EV charger manufacturer, Servotech Power Systems, has experienced significant returns over the past few years, delivering a whopping 1103.74% in the last three years alone, according to BSE Analytics. Investors have seen multibagger returns of 368.93% in the last six months. The stock has given impressive returns of 260.45% year-to-date and a staggering 370.65% in the last one year, demonstrating its strong growth in the market.
Establishment of Servotech EV Infra: The recent announcement by Servotech Power Systems to establish their subsidiary, Servotech EV Infra, has put the company’s shares in the spotlight. The subsidiary will focus on venturing into the electric vehicle charge point operation (CPO) business, aiming to revolutionize the EV charging infrastructure in India. By overseeing the installation of EV charging stations nationwide, Servotech EV Infra plans to roll out 5,000 charging stations in the coming years.
Expanding the Landscape of EV Charging Infrastructure: As a prominent supplier of EV chargers to various oil marketing companies and EV charging station providers, Servotech Power Systems has recognized the need to enhance and expand the EV charging infrastructure. With the introduction of Servotech EV Infra, the company aims to contribute significantly to the advancement of sustainable transportation. This strategic initiative will foster the development of a resilient EV charging infrastructure, ensuring a more accessible and widespread network of charging stations throughout the country.
Partnerships to Drive Innovation: In line with their commitment to innovation, Servotech Power Systems has announced partnerships with prestigious institutions. One such collaboration with IIT-Roorkee aims to develop cutting-edge onboard e-chargers for battery-operated vehicles, including two-, three-, and four-wheelers. Additionally, the company is working with IIT-Roorkee to develop rectifier units that have various import applications. These partnerships highlight Servotech’s dedication to staying at the forefront of technology and driving advancements in the EV industry.
Q: What kind of returns has Servotech Power Systems delivered?
A: Servotech Power Systems has delivered impressive returns of 1103.74% over the last three years and 368.93% in the last six months.
Q: What is Servotech EV Infra’s goal?
A: Servotech EV Infra aims to establish 5,000 EV charging stations nationwide in the coming years.
Q: What partnerships has Servotech Power Systems announced?
A: Servotech Power Systems has partnered with IIT-Roorkee to develop onboard e-chargers and rectifier units for battery-operated vehicles.