India's Servotech Power Systems up after $14 mln order win

Servotech Renewable Power System

30/01/2024 07:00

** Shares of India's Servotech Power Systems  SERO.NS  up 5%
at 86.30 rupees 
    ** Electrical components and equipment maker wins order
worth 1.2 bln rupees ($14.4 mln) from oil marketing firm BPCL
 BPCL.NS  
    ** Stock eyes fifth straight session of gains
    ** About 1.1 mln shares changed hands by 12:22 p.m. IST,
nearly twice of 30-day avg 
    ** So far this year, stock has risen 13%; SERO was up for
the fourth consecutive year in 2023

($1 = 83.1110 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))