360 per cent returns in 1 year: This micro-cap multibagger stock announces MoU with a leading company in hydrogen fuel cell technology!

The company has witnessed massive buying with the shares giving multibagger returns of more than 360 per cent in just 1 year

On Wednesday, shares of Advait Infratech zoomed and got locked at 5 per cent upper circuit to make an intraday high of Rs 307.65 apiece. The scrip witnessed massive spurt in volume.   

On April 05, 2023, Advait Infratech informed the exchange that it has recently entered into a Memorandum of Understanding (MOU) with Jiangsu HuaDe Hydrogen Energy Technology Co., Ltd. (HuaDe), a leading company in hydrogen fuel cell technology based in China. The primary objective of this MOU is to collaborate on establishing a fuel cell manufacturing facility in Gujarat utilizing the design developed by HuaDe.   

HuaDe will retain ownership of the technology and Advait Infratech will serve as the manufacturer of fuel cell systems in India. The facility will focus on producing pure hydrogen and city gas-based fuel cell systems, which have significant potential in the Indian market. The partnership between these companies aims to promote the adoption of fuel cell technology in India, which is anticipated to play a crucial role in the country's transition to sustainable energy.  

The collaboration with HuaDe will enable Advait Infratech to gain access to state-of-the-art fuel cell technology and manufacturing expertise, strengthening its market position and enabling it to provide innovative and sustainable energy solutions to its customers.  

Advait Infratech has transformed from a trading and consulting firm to a manufacturing and EPC operations marketing leader. The company's product line includes OPGW, OFC cables, ACS, ERS and OPGW junction boxes. Despite being a small cap company, it has established itself as a prominent player in the industrial industry.  

Shares of Advait Infratech have given stellar returns of more than 1040 per cent since its IPO in October 2020. The company has witnessed massive buying with the shares giving multibagger returns of more than 360 per cent in just 1 year. Keep a close eye on this trending multibagger stock.