Bonus issue: This multibagger stock hits 52-week high post bagging a significant order!

Bonus issue: This multibagger stock hits 52-week high post bagging a significant order!

Kaustubh Bhosale

Its promoter holding is about 73.52 of the total equity. The market cap of Advait Infratech is Rs 356.69 crore.

The financials of Advait Infratech show strong sales increasing every year along with OPM rise. Its promoter holding is about 73.52 of the total equity. The market cap of Advait Infratech is Rs 356.69 crore. The shares of Advait Infratech are trading at the current price of Rs 349.70, soaring 16 per cent in just five sessions. On YTD basis the stock of Advait Infratech has delivered a return of 496 per cent and the date of listing it has appreciated by 1,294 per cent in little more than two and half years. The company has delivered a RoCE of 24.9 along with a RoE of 18.5 per cent.  

  

The company has received work order of Gujarat Energy Transmission Corporation Limited (GETC9) worth Rs. 65.65 crore. The company has also announced that in the meeting held on December 29, it has allotted 51,00,000 shares as fully paid-up bonus shares, in the ratio 1:1 register of members/list of beneficial owners as on December 28, 2022. 

  

The key advantage of the company is that every state is revamping the power distribution networks as the demand increases. The company provides E2E solutions as with the increasing demand and also provides E2E solutions. 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. 

  

Advait Infratech is a business that provides trustworthy products & services for power transmission, substation as well as telecommunications infrastructure and 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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