Shares of Servotech Renewable Power System Ltd. soared 16% amid a market downturn, following the India visit of Errol Musk, father of Tesla CEO Elon Musk. Errol Musk, who was appointed to Servotech’s Global Advisory Board in May, is expected to play a key role in advancing the company’s solar and EV initiatives.
🔴 Why Did Servotech Shares Jump?
- Errol Musk’s strategic visit has fueled investor confidence in Servotech’s renewable energy expansion plans.
- His appointment aligns with Servotech’s Vision 2027, aiming to transform India’s green energy landscape.
- Musk emphasized that India’s green tech sector could grow tenfold in five years, boosting optimism.
📢 Market Reaction & Future Outlook:
- Servotech shares rose to ₹142 apiece, marking a 12% gain in the past month.
- The company is expected to expand operations in 40 countries within five years.
- Investors see Musk’s involvement as a catalyst for Servotech’s global partnerships.
👉 What do you think of Servotech’s growth strategy? Let us know in the comments!
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