New Delhi, May 19 -- Shares of Servotech Renewable Power Systems saw strong upward momentum on Monday, May 19, rising by as much as 4.5 percent during intraday trading. The uptick followed reports that Errol Musk-the father of Tesla and SpaceX CEO Elon Musk-is planning a visit to India between June 1 and June 6, during which he is expected to tour Servotech's manufacturing facility. The visit is linked to his recent appointment to the Global Advisory Board of the company, which has fueled fresh investor optimism.

Servotech Renewable Power Systems, which focuses on renewable energy and electric vehicle (EV) charging solutions, formally announced Musk's appointment last week. As per the company's official press release, Errol Musk will pla...