In an exciting turn of events, Servotech Renewable Power System, a notable player in the renewable energy sector, experienced a surge in stock trading on April 28. This spike followed the company’s announcement regarding the establishment of its new subsidiary, Dream League of India. The stock market responded positively, reflecting investor enthusiasm for the company’s strategic expansion into the sports and entertainment industry.

Acquisition of Dream League of India

Servotech revealed that Dream League of India (T10) Private Limited has been officially launched as a wholly-owned subsidiary under Servotech Sports and Entertainment Private Limited. According to the company’s filing with the stock exchange, this move is designed to bolster its operations in sports and entertainment, focusing on activities such as managing teams, promoting players, and establishing leagues.

• Key Highlights:
  • Dream League of India is positioned as a special purpose vehicle (SPV).
  • Servotech has invested ₹10 lakh in the subsidiary’s paid-up share capital to kickstart its operations.

Recent Developments

In addition to the new subsidiary, Servotech Renewable Power System recently secured a significant contract for a 4.1 MW on-grid rooftop solar project. This project, valued at ₹15.8 crore, is commissioned by the Waltair Division of East Coast Railway in Visakhapatnam, Andhra Pradesh. This contract not only enhances the company’s portfolio but also underscores its commitment to expanding renewable energy solutions.

• Upcoming Events:
  • The board of Servotech is scheduled to meet on May 6, 2025, to review the audited financial results for the year ending in March 2025, including discussions on potential dividend payments.

Impressive Stock Performance

Following the announcement of Dream League of India, shares of Servotech Renewable Power System rallied, closing the trading session up by 5.61% at ₹131. The stock has shown remarkable growth over the past four years, skyrocketing from just ₹2.58 on September 2, 2021, to its current valuation, marking an incredible return of 4,977%.

• Stock Performance Insights:
  • 52-week high: ₹205.40
  • 52-week low: ₹75.50

This meteoric rise not only highlights the potential of Servotech’s business strategies but also positions it as a multibagger stock worth watching in the renewable energy sector. Investors are keenly observing its next moves, especially with the forthcoming financial results that could further impact its stock trajectory. As Servotech continues to innovate and expand, it remains a key player to watch in both the renewable energy and sports industries.