Multibagger Alert: Advait Infratech hits an all-time high!

Multibagger Alert: Advait Infratech hits an all-time high!

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-10-28T11:18:46+05:30

Shares of power infrastructure solutions provider Advait Infratech hit an all-time high on Friday, 28 October. Over the last one month, the stock has delivered returns of 38%!

On Friday, only buyers were seen in the counter as the scrip locked at 5% upper circuit, hitting a fresh 52-week high of Rs 648.55 per share on BSE. The stock is up by more than 570% in one year. Investors are betting in this multibagger as it is considered a bet on a green hydrogen story.

Advait Infratech operates with various verticals such as turnkey telecommunication projects, installation of power transmission, substation and telecom products, liasioning - marketing and providing end-to-end solutions to customers.

The enterprise offers reliable goods and services for telecommunication, substation, and power transmission infrastructure and aims to assist the government’s goal to revolutionise the power sector of India by providing sustainable, cutting-edge, innovative and integrated power infrastructure solutions.

In FY22, the company set up a new factory to manufacture ACS wire, stringing tools, joint box, ERS (emergency restoration system) and assembly utility and is manufacturing tools, and joint boxes locally to serve the domestic market. The company is also planning to set up green hydrogen and renewable energy facilities, and the company plans to undertake EPC Projects in these areas as well.

The top clients of the company include central and state transmission companies, EPC companies of India as well as overseas and private power/transmission utilities, etc.

The key advantage of the company is that every state is revamping the power distribution networks as demand increases, it provides E2E solutions. And now, it is focusing on green hydrogen complete solution providers. Green hydrogen is produced using clean energy sources or low-carbon power and has much lower carbon emissions than grey hydrogen. Advait Infratech has increased its potential as an integrator and producer of all-inclusive solutions for green hydrogen generation systems in order to fulfil this global goal.

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