Servotech Renewable Power System shares surged nearly 6% on Monday, gaining attention as investors reacted to a broad rebound in the Indian stock market today. The smallcap stock rose to ₹133 per share on BSE, marking one of its strongest intraday moves recently.
Market Performance
The rally in Servotech shares came on the back of strong buying momentum and favorable market sentiment. Trading volumes were significantly higher than usual:
- Shares traded: Around 11 lakh equity shares on October 6
- One-week average volume: 3 lakh shares
- One-month average volume: 7 lakh shares
The broader market also supported the gains. The Sensex jumped more than 600 points, or 0.75%, while the Nifty 50 surpassed the 25,000 level, providing a positive backdrop for smallcap stocks like Servotech Renewable.
Major Order Win
A key driver behind Servotech’s stock movement is its recent order win. On September 29, the company announced it secured a 3 MW grid-connected rooftop solar project from the Northern Central Railway, Agra Division, valued at ₹13 crore.
The project involves:
- Complete execution of on-grid rooftop solar PV systems
- Complete execution of solar panels, including design, manufacturing, supply, installation, testing, and commissioning
- Implementation across several railway sites in the Agra Division
This project furthers Indian Railways’ sustainability goals, cutting dependence on conventional energy and advancing renewable energy adoption to lower carbon emissions.
Servotech Renewable Power System Share Price Performance
The stock’s recent movement reflects both short-term gains and long-term trends:
- 1-month gain: 7%
- 3-month decline: 10%
- Year-to-date (YTD) performance: Down 21%
- 1-year performance: Down 26%
- 3-year performance: Delivered multibagger returns of 710%
Despite some volatility in the medium term, Servotech’s performance over three years highlights the growth potential in the solar and renewable energy sector.
Summary
Servotech Renewable Power System’s 6% jump in share price underscores the impact of market sentiment and strategic project wins. With its recent railway solar project order and strong trading volumes, the stock has attracted attention among solar and EV stocks in the Indian market today.
Investors tracking smallcap renewable energy stocks may find the story of Servotech a notable example of market momentum combined with sustainable growth initiatives.
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