Archive · 19 May 2025
Servotech Stock Gains Amid Musk Visit and Strong Financials
Shares of Servotech Renewable Power System went up.
This happened because Errol Musk is expected to visit the company, and they made a lot of money.
The company's profits more than doubled, and their total sales also increased a lot.
They also made a deal to help people use solar power.
This deal involves putting solar panels on 100,000 homes by 2026.
All this positive news caused the stock price to go up.
Servotech Renewable Power System shares increased by 4.58% today.
Errol Musk is expected to visit the company's manufacturing facility in June.
The company's Q4 net profit rose 127.11% to Rs 7.79 crore.
The company's revenue for FY25 increased by 91% to Rs 676.80 crore.
Servotech partnered with CIMSME to promote solar energy adoption.
- Who
- Servotech Renewable Power System, Errol Musk, and CIMSME
- What
- Servotech Renewable Power System's stock gained amid reports of Errol Musk's visit and positive financial results.
- When
- Shares were in action today.
- Where
- NSE
- Why
- The stock rose due to expectations from Errol Musk's visit and strong financial results.
- Stock Price Increase
- 4.58%
- 52-Week High
- Rs 205.40
- 52-Week Low
- Rs 75.50
- Market Cap
- Rs 2,897.03 crore
- Q4 Net Profit Increase
- 127.11%
- Q4 Revenue
- Rs 147.46 crore
- FY25 Revenue Increase
- 91%