Multibagger Small Cap Electric Stock Trades 1:1 Ex-Split, Hits 5% Upper Circuit

Small cap company, Servotech Power Systems Ltd hits 5% upper circuit in trade today as the shares trade ex-split in the ratio of 1:1. Servotech Power also announced setting up of wholly-owned subsidiary, Techbec Green Energy Private Limited. Servotech Power shares jumped over 1300% in last 1-year. Check details below:

Servotech Shares Trade Ex-Split: The shares of Servotech trades ex-split today as the company fixed July 28, 2023 as the ex-split date.

Servotech Board Approved Stock Split: Board of directors of Servotech Power Systems on May 25 approved 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 Paidup).
Servotech Sets Up New Subsidiary: Meanwhile, Servotech Power Systems also stated in the BSE filing dated July 27, "In accordance with the provisions of Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we would like to inform you that a wholly-owned subsidiary under name and style " Techbec Green Energy Private Limited " vide CIN: U27201DL2023PTC417728 has been incorporated as a wholly-owned subsidiary of Servotech Power Systems Limited on 27th July, 2023."

Servotech Power Systems Stock Performance & Return: Current market price of Servotech Power share is Rs 90.90 per share with intraday gain 5.00%. Servotech Power Systems stock's 52-week high price is Rs 100 per share and 52-week low price is Rs 5.76 per share, respectively. Its market capitalisation is Rs 1,93,302.75 lakhs. Servotech Power Systems share offered 218% return in last 3-months, 1396% return in last 1-year, and offered return of 4585%.

Servotech Power Financial Performance: The company for the quarter ended June 30, 2023 declared its consolidated total income at Rs 79.81 crore, down 33.48% as against last quarter total income of Rs 119.98 crore. It announced its recent quarter net profit after tax at 4.11 crore.

Servotech Power 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.