Back-to-back upper circuits: This multibagger stock made a fresh 52-week high on August 24!

Back-to-back upper circuits: This multibagger stock made a fresh 52-week high on August 24!

Kaustubh Bhosale

The key advantage of the company is that every state is revamping the power distribution networks as demand increases, it provides E2E solutions.

The shares of Advait Infratech were seen trading at fresh 52 week high on August 24. The shares of Advait Infratech were seen locked in the upper circuit on Wednesday trading session on an intraday basis.

 

Over the coming years, the emerging countries will probably experience a sharp rise in electricity consumption due to faster rates of economic growth and anticipated improvements in quality of life. Thus, India would be required to either produce or import the additional electricity needed for its economy to flourish as well as to satisfy the requirements of its expanding population, which is anticipated to grow from 1.36 billion in 2021 to 1.7 billion by 2040. To meet this demand, the focus of the Indian power sector will primarily encompass issues like power outages, financial losses, rapid technical advancement, and cost reduction. Additionally, the sector seeks to increase its contribution to the production of green energy globally by 15 per cent by 2030 as India strives to produce more green energy in compliance with Paris Climate Agreement.  

 

The financials of Advait Infratech show strong sales increasing every year along with OPM rise. Its promoter holding is about 73.52 percent of the total equity. The market cap of Advait Infratech is Rs 210 crore. The shares of Advait Infratech are trading at the current price of Rs 474.30 per share, soaring 5 per cent on Wednesday. The company has delivered a RoCE of 24.9 along with a RoE of 18.5 per cent.   

 

The key advantage of the company is that every state is revamping the power distribution networks as demand increases, it provides E2E solutions. And now, it is focussing on green hydrogen complete solution providers. Advait Infratech has increased its potential as an integrator and producer of all-inclusive solutions for green hydrogen generation systems in order to fulfil this global goal.   

 

The top clients of the company include central and state transmission companies, EPC companies of India as well as overseas and private power/transmission utilities, etc.  

Advait Infratech is a business that provides products & services for power transmission, substation as well as telecommunications infrastructure, aims to support the government's initiative to revolutionise India's power sector by offering sustainable, cutting-edge, and integrated power infrastructure solutions.   

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