Multibagger energy stock hits upper circuit despite choppy session in stock market today
Multibagger stock: Shares of Servotech Power Systems Ltd are one of the multibagger stocks that Indian stock market has delivered in year-to-date (YTD) time. However, it seems that the energy stock has still some steam left. Despite choopy stock market sentiments during Wednesday deals, Servotech Power Systems shraes hit upper circuit.
The multibagger stock opened upside today and hit 5 per cent upper circuit within few minutes of stock market's opening bell today. The energy company is in news these days for filing two patens for innovative energy management technologies. In one of its latest exchange filing, Servotech Power Systems Ltd informed Dalal Street exchanges about filing two patents that are titled — System and Method for Controlling Load Shifting by Third Party and "System and Method for Effective Energy Channelization from a Renewable Energy Source — respectively.
"These two patents are for innovative energy management technologies in order to facilitate grid service optimization through a battery energy storage system and to effectively channel renewable energy into BESS for maximum value, enabling the transition to sustainable energy. These innovations will transform energy management and will improve overall efficiency," the eenrgy company said. Gold price rally fuels Kalyan Jewellers shares close to record high.
Do you own? The first patent, titled "System and Method for Controlling Load Shifting by Third Party" relates to a system and method for enabling third-party entities to control load shifting in a Battery Energy Storage System (BESS). The technology allows third-party entities, such as utilities or aggregators, to optimize the use of BESS assets to provide grid services. The second patent, titled
. Read more on livemint.com
