3,000 per cent returns and Rs 250.5 crore order book: This multibagger micro-cap company sigs MoUs worth Rs 45 crore with Government of Gujarat!

The stock gave multibagger returns of 120 per cent in just 1 year and a whopping 3,000 per cent in 3 years.

Advait Infratech announces the signing of two Memorandums of Understanding (MoU) with the Government of Gujarat, complying with Regulation 30 disclosure requirements and expressing confidence in their contribution to both the company's growth and the state's development.

Manufacturing and Assembly of Fuel Cell and Electrolyser: The company signed a MoU for the manufacturing and assembly of fuel cells and electrolysers at Kadi, Mehsana, Gujarat in the year 2024. This strategic initiative aims to leverage the state's conducive business environment, thereby contributing to the economic development of the region.

Design, Manufacturing, Testing, and Supply of Emergency Restoration System: The company has signed another MoU for the design, manufacturing, testing, and supply of an emergency restoration system at Kadi, Mehsana, Gujarat in the year 2024. This project is to provide innovative solutions and strengthen the company’s presence in the state.

Advait Infratech Limited signed two memorandums of understanding (MoUs) with the Government of Gujarat at the Vibrant Gujarat Global Summit 2024, proposing a combined investment of Rs 45 crore to establish new projects in the state. These projects are expected to generate over 120 jobs and contribute to the economic growth of Gujarat.

The company will receive facilitated approvals and clearances from the state government and is committed to the successful implementation of these initiatives, which will not only bolster Advait Infratech's capabilities but also positively impact local communities. This investment and job creation are aligned with the company's long-term vision for sustainable growth.

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, telecom products, etc. As of May 22, 2023, the company have 226.7 crore orders in hand.

Today, shares of Advait Infratech Ltd gained 19 per cent to an intraday high and a fresh new 52-week high of 873 per share from its previous closing of Rs 733.55. At the closing bell, shares of the company were trading at Rs 846.95 per share, up 15.46 per cent with a spurt in volume by more than 3.73 times on BSE.

Talking about the financials, Advait Infratech has a market cap of Rs 864 crore. The company reported excellent numbers in its both half-yearly results and annual results. The net sales increased by 50.69 per cent and net profit increased by 57.57 per cent in H2FY23 over H2FY22. The net sales increased by 40.99 per cent and the net profit increased by 40.24 per cent in FY23 over FY22.

The stock gave multibagger returns of 120 per cent in just 1 year and a whopping 3,000 per cent in 3 years. Investors should keep a close eye on this micro-cap stock.

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