ServotechRenewable Energy System stocks rise after securing a 240 kW ultra-fast EV charger contract from Bengaluru International Airport, boosting sustainable energy solutions.
Shares of Servotech Renewable Power System Limited, which makes technologies for renewable energy and EV charging solutions, ended the day in the green. The counter opened the trading session on the National Stock Exchange at Rs 124.43, up from the previous close of Rs 123.93. The scrip went up even further, reaching a high of Rs 125.50, which was a 1.26% increase over the previous closing. It went as low as Rs 123.80 in the middle. The counter closed the session at Rs 12.4, and the company’s market valuation was Rs 2,800 crore.
High and Low in 52 Weeks
The stock’s highest price in the last 52 weeks was Rs 196.98, and its lowest price was Rs 97.55. The stock is trading below the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
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The stock’s relative strength index (RSI) over the last 14 days is 41.37. If you don’t know, a figure above 70 means that something is overbought or overvalued, and a level below 30 means that it is oversold or undervalued.
The company has also named Sonu Sood as its global brand ambassador. “Together, we want to encourage people, communities, and businesses to use more sustainable methods and help make the energy ecosystem stronger,” stated Raman Bhatia, Managing Director of Servotech Renewable.
Gets an order from Bengaluru International Airport Limited
The company got an order from Bengaluru International Airport Limited (BIAL) to put in super-fast EV chargers at Kempegowda International Airport.
Servotech Renewable Power System said in a statement that each charger would have a capacity of 240 kW and would improve the operational efficiency of e-transport at the airport.
Servotech Renewable Power System says it has been hired to put in 10 ultra-fast direct current electric vehicle (DC EV) chargers at Kempegowda International Airport for airside EV operations. Each charger will have 240 kW of power.