Multibagger from its 52-week low: This small-cap company receives an order worth Rs 30.27 crore!
The stock gave multibagger returns of 280 per cent in just 1 year whereas BSE Sensex Index is just up by 15.15 per cent.
Advait Infratech Ltd informed BSE that the company received an order for OPGW installation work of 3536 KM from a private company. The order is worth Rs 307,278,400 or Rs 30.27 crore which will be completed within 15 months from the date of the letter of award.
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.
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On Thursday, shares of Advait Infratech Ltd plunged 4.04 per cent to Rs 307.85 per share from its previous closing of Rs 320.80 with an intraday high of Rs 325.50 and an intraday low of Rs 298. The stock gave multibagger returns of 289 per cent from its 52-week low of Rs 83.55 per share.
Talking about the financials, Advait Infratech has a market cap of Rs 331 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 280 per cent in just 1 year whereas BSE Sensex Index is just up by 15.15 per cent. Investors should keep a close eye on this Small-Cap stock.