Servotech Power Systems and Dolphin Offshore Enterprises (India) hit the upper circuit, while Jai Balaji Industries hit the lower circuit

On Monday, shares of Servotech Power Systems are locked in the 5% upper circuit at ₹87.20 after the company released its investor presentation on May 10. Talking about the financials, total revenue witnessed growth of 13.9% in Q4 FY24 to ₹136.65 crore & growth of 27.5% in the year ended FY24 to ₹ 355.26 crore on a year on year basis. PAT increased by 6.69% to ₹11.80 crore in FY24. About 74% of the total revenue of the company has come from EV chargers. The company's annual production capacity of AC chargers has increased from 4,800 units in 2023 to 30,000 units in 2024 while DC charger capacity has increased to 12,000 units in 2024 from 840 units in 2023. Servotech Power Systems develops tech-enabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space. It has a market capitalisation of ₹1,891 crore. Over the past one year shares of the company have advanced by 174%.

Dolphin Offshore Enterprises was locked in a 5% upper circuit at ₹674.40 on Monday after it declared its Q4FY24 and year-end March 2024 results on May 11. The stock has been hitting back-to-back upper circuits over the past trading days and its share price has jumped about 98% within the past month. Dolphin Offshore Enterprises Ltd provides services to the offshore oil and gas industry and has a market capitalisation of ₹2,698 crore. It has undertaken turnkey projects involving sub-sea and marine services and as an EPC contractor. In the last six months, shares of the company have surged about 871%.

Shares of Jai Balaji Industries Ltd were consistently hitting back-to-back 5% lower circuits. The stock has been experiencing profit booking after a meteoric rise. Over the past one year, the share price has surged an impressive 947%. This stellar performance, fueled by strong revenue and profit growth in the last quarter, attracted significant investor attention. However, following a significant surge in the stock's value, investors have opted to capitalize on their gains, triggering an influx of sell orders. As a result, the stock price encountered a lower circuit limit. The company has a market capitalization of ₹13,783 crore.