Servotech Renewable Power System

Servotech Renewable Power System has launched SULTAN, a lithium-ion battery for electric three-wheelers, alongside Zest charger and Voltie solar inverter. This marks the company's entry into the growing electric three-wheeler segment, enhancing its clean mobility and renewable energy offerings.

Servotech Renewable Power System stock rose over 9% during Thursday's trading, despite hitting a 52-week low. The company reported an 88.24% drop in net profit and announced a ₹ 74 crore rooftop solar initiative under PM Surya Ghar: Muft Bijli Yojana.

Servotech Renewable Power System shares rose 3% to 98.50 after securing a patent for a new EV charging technology. This innovation allows GBT vehicles to charge efficiently using CCS2 DC fast chargers, addressing compatibility issues in India's EV landscape and enhancing charging infrastructure.

Solar, EV stock Servotech Renewable rebounded during Friday's intraday session from the day's low levels after the company received an order from a Ministry of Railway company. Here's how the share price has performed over time.

Servotech Power's stock rebounded 3% to ₹ 97.95 after securing a ₹ 73.70 crore rooftop solar project from NREDCAP in Andhra Pradesh. The initiative aims to provide clean energy to 5,886 households, supporting the state's renewable energy goals and socio-economic development.

Servotech Renewable Power System share price has gained 7% in one month, but the smallcap stock has declined 10% in three months. On a year-to-date (YTD) basis, Servotech Renewable shares have dropped 21%, while they have declined 26% in one year.

Solar, EV stock: Servotech Renewable Power System has won a 3 MW rooftop solar project from Northern Central Railway, valued at ₹ 13 Crore, reflecting Indian Railways’ trust in the company’s capabilities in promoting renewable energy and supporting sustainability goals.

Servotech Renewable Power System's stock rose over 7% to ₹ 142.93, extending gains for 4th session after announcing a partnership with Zhuhai Piwin New Energy for Battery Energy Storage Systems in India, supporting the 'Make in India' initiative. The stock has gained nearly 16% in four sessions.