The shares of Advait Infratech Limited were trading at a fresh 52-week high of ₹474.30. They are currently locked at an upper circuit of 4.99%.
Advait Infratech Limited operates in various verticals such as turnkey telecommunication projects, installation of power transmission, substation and telecom products, liasioning – marketing and providing end-to-end solutions to the customers. Further, they manufacture and supply capital stringing tools for the construction of transmission lines.
The company’s shares escalated from ₹ 171.95 to ₹ 474.30 to give multibagger returns of 175.84% in the past nine trading sessions! Therefore, if an investor would have invested ₹ 1 lakh in the shares of the company on August 11, 2022, the value of their holdings would have been ₹ 2.75 lakhs today!
The company said that they are not aware of the reason for the sudden jump in the price of their shares. They added that the stock price movement is purely market-dependent and can be a combination of various factors including market conditions.
This SME reported a net profit of ₹ 2 crores In the March quarter of FY22. Its promoters hold a 73.52% stake in its shares. It has a market capitalization of 241 crores and a dividend yield of 0.21. Further, it has a debt to equity ratio of 0.18, and a return on equity of 14.33%.
Written by Simran Bafna
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