Multibagger Alert: This SME stock has skyrocketed over 180 per cent in just one month!
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.
Shares of power infrastructure solutions provider Advait Infratech are soaring high like an eagle. Over the last one month, the stock has delivered jaw-dropping returns of 182.13 per cent!
On Thursday, only buyers were seen at the counter as the scrip got locked at a 5 per cent upper circuit, hitting a fresh 52-week high of Rs 539.30 per share on BSE.
Let us delve deeper to gain a better understanding of the company’s business operations.
Advait Infratech operates with various verticals such as turnkey telecommunication projects, installation of power transmission, substation and telecom products, liasioning - marketing and providing end-to-end solutions to customers.
The enterprise offers reliable goods and services for telecommunication, substation, and power transmission infrastructure and aims to assist the government’s goal to revolutionize the power sector of India by providing sustainable, cutting-edge, innovative and integrated power infrastructure solutions.
In FY22, the company set up a new factory to manufacture ACS wire, stringing tools, joint box, ERS (emergency restoration system) and assembly utility and is manufacturing tools, joint boxes locally to serve the domestic market. The company is also planning to set up green hydrogen and renewable energy facilities, and the company plans to undertake EPC Projects in these areas as well.
The top clients of the company include central and state transmission companies, EPC companies of India as well as overseas and private power/transmission utilities, etc.
The key advantage of the company is that every state is revamping the power distribution networks as demand increases, it provides E2E solutions. And now, it is focusing on green hydrogen complete solution providers. Green hydrogen is produced using clean energy sources or low-carbon power and has much lower carbon emissions than grey hydrogen. 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.
Keep a close eye on this counter for more action in the coming months!