Multibagger in just 6 months: Dont miss action in this stock that has announced stock split and dividend!
Year to date the stock rose by 30.36 per cent and in just 6 months, the stock gave multibagger returns of 266.89 per cent.
One of the Top Gainers on NSE, shares of Servotech Power Systems Ltd surged 5 per cent upper circuit to reach the upper price band of Rs 221.60 per share from its previous closing of Rs 211.05. The stock has traded at a new 52-week high of Rs 221.60. The stock has hit back-to-back upper circuits in recent trading sessions.
The company recently notified the exchange that it has declared a stock split, dividing one equity share with a face value of Rs 10 into five equity shares with a face value of Rs 2. A 2 per cent interim dividend of Rs 0.20 per equity share was also declared by the company to shareholders. The corporation confirmed that Friday, February 3, 2023, is set as the record date for stock split and interim dividend.
Servotech Power Systems Ltd, incorporated in 1998, is engaged in manufacturing LED lighting solutions, UPS (uninterruptible power supply) systems, inverters and batteries.
Talking about the financials, Servotech Power Systems has a market cap of Rs 471.14 crore. According to the latest Quarterly Results (Q3) declared by that company where net sales rose by 107.85 per cent and net profit skyrocketed 299 per cent compared to same quarter last year.
Year to date the stock rose by 30.36 per cent and in just 6 months, the stock gave multibagger returns of 266.89 per cent. Investors should keep an eye on this multibagger Small-Cap stock.