Multibagger Small-cap Stock Received LOA from SECI to Establish Manufacturing Capacities for 200 MW of Alkaline Electrolysers – A Must Stock to Watch!
The company's stock price has given multibagger return of 2,140.79 per cent in just three years.
Shares of Advait Infratech Ltd surged by 5 per cent on Monday and locked in the upper circuit due to a significant development, as mentioned below.
Advait Infratech Ltd has announced the receipt of a Letter of Award (LOA) from the Solar Energy Corporation of India Limited (SECI). The award is part of the Product Linked Incentive (PLI) scheme aimed at establishing manufacturing capacities for 200 MW of Alkaline Electrolysers in India. This initiative falls under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Tranche – II).
DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
The awarded project will involve the establishment of manufacturing capacities for Alkaline Electrolysers, with SECI providing the Product Linked Incentive as part of the SIGHT Scheme. This development aligns with the national agenda to promote green hydrogen technologies and achieve sustainability goals.
Earlier, the company secured a significant order under the PM KUSUM Component 'B' scheme. The project involves the design, development, deployment, and maintenance of a web-based online portal and mobile application to implement 40,000 off-grid solar pumps in Karnataka. Along with this, the scope of work includes integrating cloud services, payment and SMS gateways, configuring remote monitoring systems (RMS) devices, and connecting with the Solar Energy Data Management (SEDM) portal. The company will also handle operations and maintenance for five years, making this a long-term engagement.
Advait Infratech Ltd is engaged in the business of 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, Sub Station and Telecom Products, etc.
Advait Infratech Ltd currently has a market capitalisation of Rs 1,607 crore, with its stock priced at Rs 1,488. The stock has a 52-week high and low of Rs 2,260 and Rs 990, respectively. It trades at a price-to-earnings (P/E) ratio of 61.1, whereas the industry price-to-earnings (P/E) ratio is 22.6, indicating stock trading at a premium, with a book value of Rs 163. The company's stock price has given multibagger return of 2,140.79 per cent in just three years.
Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.