Read on the application
Servotech Power Systems is one of the companies that doubled investors’ money in 2023. The company’s share price has seen a 350 percent rise this year. AG Dynamic Funds Limited, a Mauritius-based company, has bought shares in this thriving company. There is a new good news about the company.
80 to 100 rupees profit, GMP made investors happy
Purchase of 15 lakh shares
Ag Dynamic Funds Limited has bought 15 lakh shares of Servotech Power Systems. The foreign company bought these shares at a price of Rs 82 per share. Accordingly, AG Dynamic Funds Ltd invested in Servotech Power Systems at Rs. 12.30 crore has been invested. Let us tell you that after this deal, AG Dynamic Fund Limited’s total stake in the company has now increased to 0.67 percent.
The company is paying a dividend of Rs 20 per share on record date today
The company is eyeing the EV sector
On November 10, 2023, in a disclosure to the stock markets, Servotech Power Systems Limited informed that it has formed Servotech EV Infra Pvt Ltd for the EV business. The company will do the business of electric vehicle chargers. The company aims to install 5000 EV charging stations.
On Monday, the company’s shares traded at Rs. opened at the level of 79.20. Within a short time the share of the company rose to Rs. It touched an intra-day high of 79.50. The share price of the company at the market close was Rs. was 76.50. Let us tell you that in the last 6 months, the share price of the company has seen an increase of more than 100 percent.