Solar energy stock Servotech Power Systems hits the highest circuit ahead of Q2 results announcement: Launches new product range

Stock market today: shares in the field of solar energy Servotech power systems reached the upper price band or upper circuit limit on Monday. Servotech’s share price rose 5% in morning trade on the NSE on Monday. Servotech Power is likely to announce second-quarter results on Monday. However, Servotech Power launched a new range of solar products this weekend, boosting investor confidence.

The Servotech Power Systems share price opened at ₹163 on the NSE on Monday, up about 1.8% from its previous close ₹160.17. Servotech Power Systems’ share price then rose further to intraday highs of ₹168.17, an increase of 5% from the previous close, which also remained the highest price range or circuit limit for Servotech Power Systems’ share price.

However, Servotech Power Systems’ share price has fallen more than 8% in the past month, driven by pressure on Indian stock markets. Nevertheless, the Servotech share price is still up 117% this year Multibagger returns to the investors.

Servotech Power Systems, an NSE listed company, uses its more than two decades of experience and knowledge in the electronics industry to create technology-based EV charging solutions. Servotech offers a wide selection of AC and DC chargers that work with many EVs and have a variety of applications including residential and commercial.

New product launch

On October 26, Servotech Power assisted in the product launch ceremony for its new series of innovative and high-tech range of solar on-grid inverters, solar hybrid inverters, solar microinverters, battery energy storage systems and solar pump controllers, in accordance with the central government schemes like Prime Minister Surya Ghar Muft Bijli Yojana and PM-KUSUM Scheme for residential and commercial rooftops and empower farmers to harness solar energyar energy and promote

Raman Bhatia, Founder and Managing Director, stated that these solutions not only help individuals and businesses reduce their carbon footprint but also drive sustainable growth.

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