This multibagger stock has given more than 496 per cent returns in just 1 year!
The company had previously announced that the shares will trade ex-bonus in the ratio of 1:1 on December 28, 2022
On Wednesday, shares of Advait Infratech rallied and got locked at 10 per cent upper circuit at Rs 326.55. The scrip witnessed a massive spurt in volume by more than 1.64 times.
Recently, the company had informed the exchange, through its press release, that they received an order of Power Grid Corporation of India for the procurement of ERS for upto 400 KV transmission lines through indigenous vendor development under the company’s vertical of Emergency Restoration Department of worth Rs 18 crore. The company is expected to execute the order in 18 months from the date of notification of award.
The company had previously announced that the shares will trade ex-bonus in the ratio of 1:1 on December 28, 2022. The bonus shares will be issued out of free reserves and the required amount for the bonus issue is Rs 510,00,000.
Advait Infratech Ltd. is a Small-Cap company that operates in the industrial industry. It has evolved into a manufacturing and EPC operations marketing leader, from being a trading and consulting firm. The company’s product line includes OPGW (Optical Fibre Ground Wire), OFC cables, ACS (Aluminum Clad Steel Wire), ERS (Emergency Restoration System) and OPGW junction boxes.
Shares of Advait Infratech have given stellar returns of more than 1171.61 per cent since its IPO in October 2020. The company has witnessed massive buying with the shares rising more than 496 per cent in just 1 year and more than 262 per cent in the last 6 months.
Keep a close eye on this multibagger stock.