300 per cent returns: This multibagger electrical company bags massive order worth Rs 35.80 crore; stock gains over 6 per cent!

Shares of the company gained more than 18 per cent in the last one month.

Advait Infratech Limited informed in the exchange filing that the company has received an order for the supply of optical fiber ground wire worth Rs 35.80 crores. The order is to be executed within 12 months.

Advait Infratech Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, shares of Advait Infratech Limited surged from Rs 99.88 on August 1, 2022, to Rs 404.25 on July 28, 2023, an increase of about 300 per cent in a one-year holding period.

Advait Infratech Limited 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 transmissions, substations, telecom products, etc.

On Friday, the stock opened at Rs 395.00, with a high and low of Rs 418.40 and Rs 388.00. The stock closed trading at Rs 404.25, up by 6.27 per cent.

The stock has a 52-week high of Rs 431.80 and a 52-week low of Rs 86.00. The company has a ROCE of 33.7 per cent and an ROE of 24.3 per cent with a market capitalisation of Rs 412 crore. 

The company has an order book of Rs 226.70 crores, and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.