The shares of this small cap stock, specializing in the provision of products and services for power transmission and telecommunication infrastructure surged 9 percent after the company announced the incorporation of a new wholly owned subsidiary.
Price Action
With a market capitalization of Rs 1,432.59 crore, Advait Energy Transitions Ltd surged 9 percent in Wednesday’s trading session and made an intraday high of Rs 1,349.40 per share compared to its previous closing price of Rs 1,240.70 per share.
The shares reiterated from the day’s high and were trading at Rs 1,326.40 which is 7 percent higher than the previous closing price.
What Happened
The company said in an exchange filing ‘…the Ministry of Corporate Affairs has approved incorporation of Wholly Owned Subsidiary of the Company in the name of “Advait Transmission Tools Private Limited”’.
Advait Transmission Tools Private Limited was incorporated on February 7, 2025, and is headquartered in Ahmedabad, Gujarat. Its primary business activities include manufacturing and trading of stringing tools for power transmission lines, which aligns with the parent company’s core business. The company also operates as a distributor, agent, consultant, and supplier for these products in both domestic and international markets.
Company Overview
Advait Energy Transitions, formerly known as Advait Infratech Ltd has been engaged in the business of providing products and solutions tailored for power transmission, substation, and telecommunication infrastructure. It operates with various verticals, including substation and telecom products, and turnkey telecommunication projects. The company also manufactures and supplies essential infrastructure components while offering end-to-end solutions to its customers.
Key developments that took place during 9MFY25 include supply of 500KM of OPGW (Optical Ground Wire) for the year, completion of 30MW solar EPC project at Khavda, Gujarat, receipt of 50 MWH BESS project for GUVNL in Gujarat. Notably, the company has more than 50 percent market share in India’s supply of stringing tools.
Written by Shwetha Sairam
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