New Delhi, March 28 -- Servotech Renewable Power System share price gained over a per cent to Rs.124.49 on Friday's trading session after the renewable energy company announced that it has secured a patent from the Indian Patent Office for its proprietary innovation, titled "System and Method for Peak Shaving."

Servotech Renewable Power System stock touched an intraday high to Rs.127.87 apiece on NSE. The renewable energy stock has given multibagger returns by rallying over 4,800 per cent in five years.

According to the exchange filing, the patent will remain valid for 20 years from the original filing date.

The patented solution intelligently reduces peak electricity demand, enhancing energy efficiency, lowering costs for users, and s...