Small Cap Electric Stock Sets Record Date For Stock Split, Shares Soar Over 1300% In 1-Yr

Small cap stock operating in electric sector, Servotech Power Systems Ltd fixed July 28, 2023 as record date for sub-division of shares. Servotech Power Systems shares offered attractive return to shareholders in last couple of months and today the stock hit upper circuit on NSE. Current market price of Servotech Power Systems stock is Rs 157.90 per share with intraday gain of 4.99%. Check details below:

Servotech Power Systems Sets Record Date For Stock Split: As per the NSE filing of Servotech Power Systems dated July 8, 2023, "In accordance with the provisions of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and other applicable provisions, if any, we would like to inform you that the Register of Members & Share Transfer Books of the Company will remain closed from Saturday, 29th July, 2023 to Friday, 4th August, 2023 (both days inclusive)for ascertaining the entitlement of shareholders of the Company for the purpose of sub-division (split) of Equity Share of the Company having a face value of Rs. 2/- (Rupees Two only) each (fully paid-up) into Two (2) Equity Shares of face value of Rs. 1/- (Rupees One only) each (fully Paid-up)."

Servotech Power Systems Stock Performance & Return: Last trading price of Servotech Power share is Rs 157.90 per share with intraday jump of 4.99% on NSE. The stock's 52-week high price is Rs 200.00 per share (as of June 21, 2023) and 52-week low price is Rs 11.40 per share (as of July 26, 2022). The company has a market capitalisation of Rs 1,67,890.56 lakhs. Servotech Power Systems share offered return of 333% in last 3-months, 383% in last 6-months, 1313% return in last 1-year, and 2671% return in last 5-years.

Servotech Power Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 119.98 crore, up 38.94% from previous quarter total income of Rs 86.36 crore. It declared its latest quarter net profit after tax at Rs 6.05 crore.

About: Servotech Power Systems Ltd. an NSE listed company is engaged in the end-to-end manufacturing, procurement and distribution of a range of high-end yet advanced solar products, medical devices as well as energy-efficient lighting solutions. Having forayed into the EV market recently with the launch of high-tech EV charging equipment, the company intends to establish EV charging tech infrastructure pan India expeditiously and bolster the nation's progression towards the electric revolution, according to its official website.

Disclaimer: The stock just highlights the stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.