Recent Price Movement and Market Performance
On 15 December, Servotech Renewable Power System Ltd’s shares closed at ₹80.17, down by ₹2.58 or 3.12% from the previous session. This decline places the stock perilously close to its 52-week low of ₹79, just 1.46% away, signalling sustained downward pressure. The stock has underperformed its sector by 2.86% on the day and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish technical outlook.
Over the past week, the stock has declined by 1.18%, contrasting with the Sensex’s modest gain of 0.26%. The monthly performance is even more concerning, with a steep 21.30% drop against the Sensex’s 0.45% rise. Year-to-date, Servotech Renew has plummeted 51....
Read More









