India's Servotech Power Systems hits record high

Servotech Renewable Power System

27/08/2024 10:58

** Shares of electrical equipment maker Servotech Power
Systems  SERO.NS  rise as much as 10% to a record high of 147.7
rupees
    ** SERO, which makes solar products, EV chargers and
energy-efficient lighting solutions, says it has enrolled with
62 distribution companies under PM Surya Ghar Muft Bijli Yojana,
in a bid to provide consumers with "subsidized solar solutions"
    ** More than 5.7 mln shares change hands, 2x its 30-day avg 
   
    ** Stock up 93% so far this year, eyes fifth straight yearly
gain

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))