This Ace Investor Ashish Kacholia’s stock which is engaged in the business of providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields in focus after the company signed an MoU with Haryana City Gas for a 200MTPA Gree023.n Hydrogen Plant.
Price Action
With a market capitalization of Rs. 1,716.32 Crores, the shares of Advait Energy Transitions Limited touched a day’s high of Rs. 1,608.95 per equity share, up 2.14 percent. The stock reiterated from the day’s high and was trading at Rs. 1,589.10 which is 0.88 percent up from its previous day’s close price of Rs. 1,575.20. The stock delivered a return of 47 percent and outperformed the Nifty Index in the past year.
What Happened
The company’s stock is in focus after signing a Memorandum of Association (MoU) with Haryana City Gas Distribution (Bhiwadi) Limited dated January 22, 2025. This agreement is to set up or Engineering, Procurement, and Construction (EPC) of a 2,000 MTPA Green Hydrogen Plant and Supply of 15MW of Electrolysers – Alkaline technology including advisory services. Providing Operations & Maintenance (O&M) until 1 year from the plant commissioning. Assisting the company in exploring Green Hydrogen, Green Ammonia and Carbon Credits, and other Consultancy-related Services.
About the Company
Advait Energy Transitions Limited (AETL), formerly Advait Infratech. They focus on power transmission, generation, and energy transitions. The company provides products and solutions for power infrastructure which includes telecommunication projects and green hydrogen systems. Advait plans for 1GW of BESS projects in the upcoming 5 years.
Financials & Ratios
Its Revenue from operations declined by 5.63 percent year on year from Rs. 48.95 Crores in Q2FY24 to Rs. 46.19 Crores in Q2FY25, accompanied by a profit of Rs. 5.50 Crores to a profit of Rs. 4.03 Crores.
Shareholding Pattern
As of December 2024, the promoters of Advait Energy Transitions held a share of 69.46 percent, and the remaining 30.55 percent was held by Public Investors. Ace Investor Ashish Kacholia has a 2.67 percent stake reflected in the December 2024 shareholding pattern and kept consistent from September 2024.
Written by Santhosh S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
