Keep a close eye on this multibagger stock which continues to bag new orders!

The company has witnessed massive buying with the shares giving multibagger returns of more than 400 per cent in just 1 year and more than 235 per cent in the last 6 months

On Friday, shares of Advait Infratech zoomed more than 4.5 per cent from its previous closing level of Rs 306 apiece to make an intraday high of Rs 319.80 per share. The scrip witnessed a spurt in volume by more than 1.6 times.

Advait Infratech Ltd. is a small cap company that operates in the industrial industry. It has evolved into a manufacturing and EPC operations marketing leader, from being a trading and consulting firm. The company’s product line includes OPGW (Optical Fibre Ground Wire), OFC cables, ACS (Aluminum Clad Steel Wire), ERS (Emergency Restoration System) and OPGW junction boxes.   

The company informed the exchange, through its press release, that they received an order from Tehri Hydro Development Corporation India Limited for design, engineering, supply, installation, testing, commissioning and operation & maintenance for 3 years for capacity electrolyser and fuel cell based micro-grid system with hydrogen production worth Rs 9.75 crore. The company is expected to execute the order in 9 months from the date of notification of award.   

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Shares of Advait Infratech have given stellar returns of more than 1090 per cent since its IPO in October 2020. The company has witnessed massive buying with the shares giving multibagger returns of more than 400 per cent in just 1 year and more than 235 per cent in the last 6 months.   

Keep a close eye on this multibagger stock.