Multibagger in just 1 year: This small-cap company has received an order worth Rs 10.85 crore!

Kiran Shroff
/ Categories: Trending, Mindshare
Multibagger in just 1 year: This small-cap company has received an order worth Rs 10.85 crore!

The stock gave multibagger returns of 364.49 per cent in just 1 year whereas BSE Sensex Index is just up by 9.13 per cent.

Today, shares of Advait Infratech Ltd surged 2.84 per cent to an intraday high of Rs 288 per share from its previous closing of Rs 280.05. At 03:30, shares of the company ended the day in green, up 1.59 per cent to Rs 284.50 per share.  

Advait informed BSE that the company has received an order to supply optic fiber ground wire (OPGW)/ Optic fiber cable worth Rs 10.85 crore. The order will be executed within 4 months from the date of award of the order.  

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.   

Talking about the financials, Advait Infratech has a market cap of Rs 290.19 crore. The company reported excellent numbers in its both Quarterly Results and annual results. The stock has a 52-week high of Rs 431.80 and a 52-week low of Rs 58.   

The stock gave multibagger returns of 364.49 per cent in just 1 year whereas BSE Sensex Index is just up by 9.13 per cent. The shares of Advait Infratech were listed on October 1, 2020 and till date the stock gave returns of 1007.87 per cent. Investors should keep a close eye on this Small-Cap stock.   

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