Shares of this green hydrogen energy company doubled in less than two months; do you own it?

The scrip had closed at Rs 188.20 on August 11, 2022. Since then, the stock has skyrocketed by 199.60 per cent

The shares of power infrastructure solutions provider - Advait Infratech are on a roll and rallying off the charts. 

The scrip had closed at Rs 188.20 on August 11, 2022. Since then, the stock has skyrocketed by 199.60 per cent. On Wednesday, only buyers were seen at the counter as the scrip got locked at a 10 per cent upper circuit, hitting a fresh all-time high of Rs 563.85 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 & telecom products, liasioning - marketing as well as providing end-to-end solutions to customers. 

The key advantage of the company is that it provides E2E solutions to every state which is revamping the power distribution networks as the demand increases. And now, it is focussing 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. 

In FY22, the company set up a new factory to manufacture ACS wire, stringing tools, emergency restoration system (ERS) & assembly utility, and is manufacturing tools as well as joint boxes locally to serve the domestic market. Advait Infratech is also planning to set up green hydrogen & renewable energy facilities as it plans to undertake EPC projects in these areas as well.  

The top clients of the company include central & state transmission companies, EPC companies of India as well as overseas and private power/transmission utilities, etc.    

Keep a close eye on this buzzing green hydrogen energy stock for more action in the coming sessions!