{"id":119672,"date":"2024-02-23T13:36:37","date_gmt":"2024-02-23T08:06:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=119672"},"modified":"2024-02-23T13:36:42","modified_gmt":"2024-02-23T08:06:42","slug":"ev-stock-hits-5-upper-circuit-after-receiving-an-order-worth-102-cr-for-supply-of-1500-fast-chargers","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ev-stock-hits-5-upper-circuit-after-receiving-an-order-worth-102-cr-for-supply-of-1500-fast-chargers\/","title":{"rendered":"EV stock hits 5% upper circuit after receiving an order worth \u20b9 102 Cr for supply of 1500 fast chargers"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2838355493\"><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>Multibagger EV Stock engaged in the business of providing end-to-end solutions for EV Chargers, Solar power products, and many more hit a 5 percent upper circuit upon receiving an order worth Rs. 102 Crores from HPCL for the supply of EV Chargers.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2811729003\"><!-- 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>With a market capitalization of Rs. 2,080 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SERVOTECH\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Servotech Power Systems Limited<\/a><\/strong> hit a 5 percent upper circuit at Rs. 97.80.\u00a0<\/p><p>Servotech Power Systems Limited has won a significant order worth Rs. 102 Crores from Hindustan Petroleum Corporation Limited and other EV charger OEMs for the supply of nearly 1500 DC fast EV chargers involving two charger variants of 60 kW and 120 kW.&nbsp;<\/p><p>The order involves manufacturing, supplying, and installing DC EV chargers nationwide, prioritizing deployment at HPCL&#8217;s retail outlets. Additionally, Servotech will also manufacture and supply the rest of the chargers to EV charger OEMs.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1727016629\"><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 Limited is engaged in the business of providing end-to-end solutions for the manufacturing, procurement, and distribution of advanced EV Chargers, solar products, medical devices, energy-efficient lighting solutions, and many more.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 16.8 percent and a return on capital employed (ROCE) of 17.7 percent, it is making good returns on its equity and capital employed.&nbsp;<\/p><p>Its revenue from operations grew 86 percent from Rs. 134 Crores in FY22 to Rs. 249 Crores in FY23, accompanied by increasing profits of Rs. 4 Crores to Rs. 11 Crores.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\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-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-56984944\"><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>Multibagger EV Stock engaged in the business of providing end-to-end solutions for EV Chargers, Solar power products, and many more hit a 5 percent upper circuit upon receiving an order worth Rs. 102 Crores from HPCL for the supply of EV Chargers.&nbsp; With a market capitalization of Rs. 2,080 Crores, the shares of Servotech Power [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118794,"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":[31,1789],"tags":[13192,9977,948,936],"class_list":["post-119672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-servotech-power-systems-latest-order","tag-servotech-power-systems-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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