Stock Split Dec 2022: 1:5 Stock Split Declared, Electronics Stock Jumps 227% In 1-Year

Small Cap company operating in Electronics sector, Servotech Power Systems Limited announced 1:5 stock split. The company has a market capitalisation of Rs 308 crore. The stock has given multibagger returns to investors. Check key takeaways below:

1. Servotech Power Systems Announces 1:5 Stock Split

The company stated, "The Board of Directors of Servotech Power Systems Limited ("Company"), upon recommendation of its sub-Committees, at its meeting held on 7th December, 2022 has inter-alia considered, approved and taken on record the sub-division (split) of Equity Share of the Company having a face value of Rs. 10 each (fully paid-up) into one (1) Equity Share of face value of Rs. 2/- each (fully Paid-up)."

2. Servotech Power Systems Stock Performance

The last trading price of the stock is Rs 166 apiece with an intraday gain of 1.50%. The stock's 52-week high is Rs 188 apiece and 52-week low is Rs 45 apiece, respectively.

3. Servotech Power Systems Return

The stock has given 20% return in 3-months, 227% return in last 1-year, and 355% return in last 5-years.

4. About Servotech Power Systems

It is an NSE listed company. Servotech Power Systems 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.

Disclaimer

The stock gives details pertaining to stock split. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.