Share Market News: Servotech Power Shares Cross 100-mark

Shares of EV company Servotech Power Systems crossed the Rs 100-mark by zooming 10 per cent on Friday. The NSE-listed EV stock opened in the green at Rs 101.93 apiece against the previous close of Rs 97.54.
The stock has less than 5 per cent away from its 52-week high of Rs 108.70, touched on February 6 this year.
Servotech Power Systems is a smallcap company with a market cap of Rs 2,365.46 crore. According to BSE analytics, the EV stock has climbed 26 per cent in the last one month. The stock has given a positive return of 35 per cent in one year. The counter has rallied an astonishing 5,800 per cent in the last three years and and 8,400 per cent in five years.
Servotech Power Systems is engaged EV charging and solar energy industry. The Delhi-based company is pioneer in the end-to-end manufacturing, procurement and distribution of a range of advanced solar products, medical devices as well as energy-efficient lighting solutions. Its products include electric vehicle charger, LEDs, power and backup, solar products and others.