India's Servotech Renewable Power System hits upper circuit on 310 mln-rupee order win

Servotech Renewable Power System

30/12/2024 07:28

** Servotech Renewable Power System  SERO.NS  rises
exchange-allowed maximum of 5% to 169.41 rupees; set for best
day in about two months
    ** Electrical components maker gets order worth 310 mln
rupees ($3.6 mln) for agriculture pumps from Uttar Pradesh New
and Renewable Energy Development Authority
    ** Busiest session since late October, with more than 2.2
mln shares traded - ~3x the 30-day avg
    ** Stock up ~120% YTD; set for fifth straight year of gains
vs rival HPL Electric & Power's  HPLE.NS  up ~114%

($1 = 85.4580 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))