Lower circuit & Ashish Kacholia lose Rs 3,53,89,118 in just 1 day: Cable company bags new order from Parbati Koldam Transmission Company Ltd

The stock gave multibagger returns of 300 per cent in just 2 years and a whopping 1,750 per cent in 3 years.

On Monday, shares of Advait Energy Transitions Limited hit a 10 per cent lower circuit (122.3 per share) to Rs 1,101 per share from its previous closing of Rs 1,223.80 per share. The stock’s 52-week high is Rs 2,260 per share and its 52-week low is Rs 1,056.50 per share.

Advait Energy Transitions Limited (formerly Advait Infratech Limited) announced the receipt of a domestic contract from Parbati Koldam Transmission Company Limited. The contract involves the procurement and service of an Emergency Restoration System (ERS) for the 2 X 400 kV single circuit Parbati – Koldam and 400 kV double circuit Koldam – Ludhiana transmission lines. The project is scheduled for completion within 10 months.

An ace investor, Ashish Kacholia, owns 2,88,185 shares or 2.67 per cent in the company at Rs 1,388 per share (face value is Rs 10) aggregating to Rs 40,00,00,780 via preferential issue of shares. In just 1 day, he lost Rs 3,53,89,118 from this cable stock (Rs 122.3 per share x 2,88,185 shares).

About the Company

Advait Energy Transitions Limited, also known as Advait Infratech Ltd, provides 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.

Regarding the financials, Advait Infratech has a market cap of over Rs 1,100 crore with a 3-year stock price CAGR of 175 per cent. The net sales increased by 35 per cent to Rs 98.45 crore and the net profit increased by 27 per cent to Rs 5.58 crore in Q3FY25 over Q3FY24. The net sales increased by 100.4 per cent to Rs 208.85 crore and the net profit increased by 159.3 per cent to Rs 21.88 crore in FY24 over FY23.

The shares of the company have an ROE of 37 per cent and an ROCE of 37 per cent. The stock gave multibagger returns of 300 per cent in just 2 years and a whopping 1,750 per cent in 3 years. Investors should keep a close eye on this small-cap cable stock.

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