{"id":103485,"date":"2023-05-26T13:45:00","date_gmt":"2023-05-26T08:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103485"},"modified":"2023-05-26T16:27:06","modified_gmt":"2023-05-26T10:57:06","slug":"multibagger-stock-with-596-returns-announces-a-12-stock-split-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-with-596-returns-announces-a-12-stock-split-check-the-details\/","title":{"rendered":"Multibagger stock with 596% returns announces a 1:2 stock split; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3815006462\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of company opened 5 percent higher and hit the upper circuit on Friday after the company announced a stock split\/ sub-division of its equity shares. They were locked at \u20b9 93.05 apiece on the National Stock Exchange (NSE).\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-372902523\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><a href=\"https:\/\/portal.tradebrains.in\/stock\/SERVOTECH\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Servotech Power Systems LED<\/strong><\/a> manufactures lighting solutions, UPS (uninterruptible power supply) systems, inverters, and batteries. Its products include electric vehicle chargers as well as solar inverters and batteries.\u00a0<\/p><p>The NSE-listed company informed that its board of directors have approved the sub-division of its equity shares in the ratio of 1:2. Therefore, each share having a face value of \u20b9 2 will be divided into two shares having a face value of \u20b9 1 each.&nbsp;<\/p><p>The rationale behind the split is to enhance the liquidity of the company\u2019s shares and to encourage wider participation in the stock market.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2202393829\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Servotech Power Systems has delivered multibagger returns of 596 percent in the past year, as its share price increased from \u20b9 13.37 to \u20b9 93.05. Therefore, if an investor had invested \u20b9 1 lakh in the company\u2019s shares one year ago, the value of their holdings would have been \u20b9 6.96 lakhs today!\u00a0<\/p><p>The company reported a multi-fold increase in consolidated net profit for the March quarter of financial year 2022\u201323 (Q4FY23) at \u20b9 6.05 crores, as compared to \u20b9 1.3 crores recorded in the same quarter a year earlier. Its revenue climbed to \u20b9 120 crores in Q4FY23 as compared to \u20b9 51.10 crores in the corresponding quarter a year ago.\u00a0<\/p><p>For the entire year (FY23), it reported its profit rose to \u20b9 11.06 crores from \u20b9 4.05 crores in the previous year (FY22). The company\u2019s revenue increased to 278.64 crores in FY23, as compared to 144.25 crores in FY22.&nbsp;<\/p><p>With a market capitalization of \u20b9 943 crores, Servotech Power Systems is a small-cap stock. The company has an ideal return on equity of 17.19 percent and an ideal debt-to-equity ratio of 0.51. Its shares were trading at a price-to-earnings ratio (P\/E) of 83.95.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3961645321\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of company opened 5 percent higher and hit the upper circuit on Friday after the company announced a stock split\/ sub-division of its equity shares. They were locked at \u20b9 93.05 apiece on the National Stock Exchange (NSE).\u00a0 Servotech Power Systems LED manufactures lighting solutions, UPS (uninterruptible power supply) systems, inverters, and batteries. Its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[2845,8797,3108,3464,2660,3913,3912,2843,5575,2659,936,2597,2971],"class_list":["post-103485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-indian-multibagger-stocks","tag-latest-stock-market-news","tag-multi-bagger-stocks","tag-multibagger-returns","tag-multibagger-stock","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks-india","tag-multibagger-stocks-to-buy-in-2023","tag-multibaggers","tag-stock-market-news","tag-stocks-to-watch","tag-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock with 596% returns announces a 1:2 stock split; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of the company opened 5 percent higher and hit the upper circuit on Friday after the company announced a stock split\/ sub-division of its equity shares. 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