Ashish Kacholia Bought 2,88,185 & Rs 209.60 Crore Order Book: Cable Stock Hit Upper Circuit After Promoter – Shalin Sheth Bought 2,000 Shares via Open Market
The stock gave multibagger returns of 250 per cent in just 1 year and a whopping 3,500 per cent in 3 years.
On Thursday, shares of Advait Infratech Ltd gained 5 per cent upper circuit to an intraday high of Rs 1,532.40 per share from its previous closing of Rs 1,459.40 per share. The shares of the company saw a spurt in volume by more than 7.41 times on BSE. The stock’s 52-week high is Rs 2,260 and its 52-week low is Rs 425.
The promoter of the company - Shalin Sheth bought 2,000 shares via open market and its stake is increased from 52.78 per cent to 52.80 per cent.
Advait Infratech Ltd is engaged in providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields. Also, it operates with various verticals such as turnkey telecommunication projects, installation of power transmission, telecom products, etc. As of March 31, 2024, the company has a Rs 209.60 crore order book.
Advait Energy Transitions Limited has secured multiple contracts recently. A significant order worth Rs 6,70,36,980 was received from Jammu Kashmir Power Transmission Corporation Limited (JKPTCL) on October 31, 2024, for the design, manufacturing, testing, and supply of Emergency Restoration Systems (ERS) for 220 KV Transmission Lines in Jammu Region. This domestic contract is expected to be completed within 270 days from the issuance of the Letter of Award. Additionally, the company has been awarded a Rs 296 crore contract by SECI to establish a 200 MW alkaline electrolysers manufacturing capacity in India, as part of the SIGHT Scheme, to be completed in 5 years. Furthermore, Advait Infratech has secured an EPC contract worth Rs 20,32,50,440 from DGVCL for the installation of MVCC in Southern Gujarat, to be completed within 12 months from the Letter of Intent.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
In Q2FY25, an ace investor, Ashish Kacholia bought 2,88,185 shares or 2.67 per cent in the company at Rs 1,388 per share (face value is Rs 10) aggregating to Rs 40,00,00,780 via preferential issue of shares.
Regarding the financials, Advait Infratech has a market cap of Rs 1,655 crore with a 3-year stock price CAGR of 305 per cent. The net sales decreased by 1 per cent to Rs 47.59 crore and net profit increased by 12 per cent to Rs 5.58 crore in Q2FY25 over Q2FY24. The net sales increased by 100.4 per cent to Rs 208.85 crore and the net profit increased by 159.3 per cent to Rs 21.88 crore in FY24 over FY23.
The shares of the company have an ROE of 34 per cent and an ROCE of 40 per cent. The stock gave multibagger returns of 250 per cent in just 1 year and a whopping 3,500 per cent in 3 years. Investors should keep a close eye on this small-cap cable stock.
Disclaimer: The article is for informational purposes only and not investment advice.