EV charger stock Servotech Power Systems hits upper circuit after receiving BPCL order. Do you own?
Stock at upper circuit: NSE listed stock Servotech Power Systems Ltd has been in uptrend after ushering in 2023. In year-to-date (YTD) time, Servotech Power Systems share price has ascended to the tune of 380 per cent. But, it seems that the EV charger stock still has some steam left in it.
During early morning session on Thursday, this multibagger stock opend upside at ₹79.10 apiece levels and touched 5 per cent upper circuit. Also Read: Flair IPO: GMP, subscription status, review, other details. Apply or not? The EV charger company is news today for receiving BPCL order.
The company has informed Indian stock market bourses that it has received BPCL order for 2649 EV chargers. Also Read: Tata Tech IPO Day 2: GMP, subscription status, other details. Should you apply? "Servotech Power Systems Ltd., the leading manufacturer of EV Chargers in the country, has bagged 2649 AC EV charger orders from Bharat Petroleum Corporation Limited (BPCL).
The company will be responsible for manufacturing, supplying and installing 2649 AC EV Chargers strategically across the nation, equipping petrol pumps in major Indian cities under the BPCL E-drive Project, playing a key role in the widespread implementation of EV charging solutions. The range of EV chargers includes 3 kW and 7 kW for this project. The manufacturing and production of these AC chargers has already begun and the supply of the chargers will begin from December 15th and will be completed within three months," Servotech Power Systems said in its NSE exchange filing.
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