Shares of Sarvotech Renewable Power System, which manufacture solar products and electric vehicle charger, rose by 5% to ₹ 126.97 on Thursday.
The reason for this surge – Sarvotech Renewable Power System has entered into an important agreement with France’s Watt and Well SAS. The purpose of the deal – design, manufacture and sell electric charger components in India. Continuous rise in stock – 6400% increase in less than 4 years.
Sarvotech and Watt & Well partnership – promotes India’s EV market
France’s Watt and Well Company specializes in creating power electronics equipment in Aerospace, Oil and Gas, Renewable Energy and E-Multi Sector. The main objective of the alliance – developing 30kw power modules for the EV charging market of India. Production under Make in India – Sarvotech will produce these modules, while Wat and Well will provide technical expertise. Sarvotech has been given special rights to sell these devices in the Indian market.
Strong financial performance, tremendous increase in profits
Company’s profit in the December quarter of the current financial year ₹ 8 crore Profit in the same quarter last year was ₹ 1.11 crore More than 6400% increase in shares in less than 4 years
Share Performance – Bumper growth in 4 years
29 October 2021 – ₹ 1.91 per share 20 February 2025 – ₹ 126.97 per share More than 1000% jump in last 3 years 52-week high-₹ 205.40 52-week low-₹ 73.40
Will this stock be performed even further? Investors’ eyes are fixed! 
