New Delhi, Dec. 4 -- Solar, EV stock Servotech Renewable Power System surged more than 9% during Thursday's trading session, although they reached a 52-week low of Rs.83.26. Over the last week, the stock has decreased by 5.54%. It has dropped by 29.92% in the last three months and has fallen 51.09% over the past year. The EV stock today opened at Rs.84.05 apiece on the NSE, the stock touched an intraday high of Rs.92.01.

Talking about the EV stock performance, Anshul Jain, Head of Research at Lakshmishree, pointed out that Servotech Renewable Power System shares broke below a tight weekly coil at 122 and then sank 41.16 percent in nine weeks, leaving the stock deeply oversold across timeframes. Momentum remains weak, yet the stretch from...