Advait Infratech: Small-Cap Firm Hits All-Time High After Securing Power Grid Work Order
Key Ideas
  • Advait Infratech's share price soared by 5% to an all-time high after securing a Rs 35.07 crore work order from Power Grid Corporation of India Limited.
  • The company has shown impressive financial growth with revenues increasing by 103% and net profits rising by 175% year-on-year.
  • Advait Infratech has partnered with Guofu to produce high-purity green hydrogen, enhancing its position in the hydrogen industry.
  • Ace Investor Ashish Kacholia holds a 2.67% stake in the company, reflecting confidence in its potential.
Advait Infratech Limited, a small-cap firm in India, saw a significant surge in its share price by hitting a 5% upper circuit to an intraday high of Rs 2,257.90 per share after receiving a substantial work order worth Rs 35.07 crores from Power Grid Corporation of India Limited. The stock reached an all-time 52-week high, reflecting investor confidence. The company has experienced remarkable growth, with revenues soaring by 103% and net profits increasing by 175% on a year-on-year basis. Additionally, it reported impressive return ratios for the year 2024, with a return on equity (ROE) of 29.79% and a return on capital employed (ROCE) of 39.09%. Advait Infratech has also ventured into the hydrogen industry through a partnership with Guofu, utilizing transfer of technology (TOT) to produce high-purity green hydrogen, positioning itself as a key player in this sector. Notably, Ace Investor Ashish Kacholia holds a 2.67% stake in the company, indicating positive sentiment among investors. Established in 2010, Advait Infratech Limited operates in the power transmission, power substation, and telecommunication infrastructure fields, showcasing a promising trajectory in the market.
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