5,974 per cent returns and Rs 172.83 crore order book: This multibagger micro-cap company signs MoU with Carbon Technology Energy – know more here!
The stock gave multibagger returns of 455 per cent in just 1 year and a whopping 5974 per cent in 3 years.
Carbon Technology Energy (CTE) and Advait Infratech Limited (AIL) have officially announced a groundbreaking collaboration, cemented by a Memorandum of Understanding (MOU), aimed at revolutionizing the fuel cell and electrolyser industry through pioneering advancements. Their joint efforts will focus on developing a prototype fuel cell utilizing carbon-based plates, diverging from conventional materials.
This collaboration marks a significant milestone in sustainable energy solutions, with CTE bringing expertise in carbon-based plate solutions and scalable business models, while AIL contributes detailed designs and optimization strategies.
Advait Infratech Ltd makes a significant stride into the IT/IoT sector. The company announces its venture into a new business vertical, focusing on IT/IoT services. Under this segment, Advait Infratech Ltd has secured a lucrative contract worth Rs. 2.89 Crores.
DSIJ offers a service 'Pop BTST" with recommendations for intraday stocks for tomorrow based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
The contract entails the provision of comprehensive services, including the configuration of devices, SCADA software license provision, deployment, integration, and go-live services for each remote monitoring system. Moreover, it involves integration with existing State Level Portal & National Level Portal of PM-KUSUM scheme Component-B, coupled with a 5-year operations and maintenance contract, including software maintenance and updating of State level portal.
Earlier, Advait Infratech's wholly-owned subsidiary, Advait Greenery Private Limited, has secured the Letter of Award for constructing Electrolyser manufacturing facilities in India with an annual capacity of 100MW under the SIGHT Scheme (Tranche - 1) by the Ministry of New and Renewable Energy, as per their intimation dated 18 January 2024. The project, set to commence on 9th August 2026, pledges adherence to outlined terms and conditions, aiming to achieve the specified manufacturing capacity within 30 months. The subsidiary is poised to receive an incentive benefit of INR 148 crores over a 5-year period post-commissioning, thereby fortifying the nation's renewable energy landscape.
Talking about the financials, Advait Infratech has a market cap of over Rs 1,000 crore. The company reported excellent numbers in its both half-yearly results and annual results. The net sales increased by 50.69 per cent and net profit increased by 57.57 per cent in H2FY23 over H2FY22. The net sales increased by 40.99 per cent and the net profit increased by 40.24 per cent in FY23 over FY22.
The stock gave multibagger returns of 455 per cent in just 1 year and a whopping 5974 per cent in 3 years. Investors should keep a close eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.