Stock market today: solar stocks Servotech Power Systems reached the upper price range or upper limit of the circuit on Monday. Servotech share price gained 5% on Monday morning on the NSE. Servotech Power is expected to announce its second quarter results on Monday. Servotech Power, however, launched a new range of solar products this weekend, boosting investor confidence.

Servotech Power Systems share price opens at ₹163 on the NSE on Monday, around 1.8% higher than its previous close of ₹160.17. The Servotech Power Systems stock price then advanced to intraday highs of ₹168.17, up 5% from the previous close, which also remained the upper price range or circuit limit for the Servotech Power Systems stock price.

The Servotech Power Systems share price, however, fell by more than 8% last month due to pressure seen in Indian stock markets. Nonetheless, Servotech’s share price is still up 117% year to date, giving Multibagger returns to investors.

Servotech Power Systems, an NSE listed company, uses its over two decades of experience and knowledge in the electronics industry to create electric vehicle charging technology solutions. Servotech offers a wide selection of AC and DC chargers that work with many electric vehicles and have a variety of uses, including residential and commercial.

Launch of a new product

On October 26, Servotech Power participates in the product launch ceremony for its new innovative and high-tech range of grid-connected solar inverters, hybrid solar inverters, solar micro inverters, energy storage systems by battery and solar pump controllers, in accordance with the central government schemes. like PM Surya Ghar Muft Bijli Yojana and PM-KUSUM project for residential and commercial roofs and enable farmers to exploit the landar energy and promote

Raman Bhatia, Founder and Managing Director, said these solutions not only help individuals and businesses reduce their carbon footprint but also drive sustainable growth.

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