Advait Infratech zooms on bagging order worth Rs 65.65 crore
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Advait Infratech is currently trading at Rs. 368.95, up by 22.45 points or 6.48% from its previous closing of Rs. 346.50 on the BSE.
The scrip opened at Rs. 351.00 and has touched a high and low of Rs. 368.95 and Rs. 349.70 respectively. So far 7500 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs 368.95 on 30-Dec-2022 and a 52 week low of Rs. 55.00 on 30-Dec-2021.
Last one week high and low of the scrip stood at Rs. 368.95 and Rs. 285.50 respectively. The current market cap of the company is Rs. 376.33 crore.
The promoters holding in the company stood at 73.52%, while Non-Institutions held 26.48% stake in the company.
Advait Infratech has received an order of Gujarat Energy Transmission Corporation (GETCO) for Survey, Planning, Design /Engineering, Supply, Erection (Laying), Testing & Commissioning of OPGW cable (24 & 48 Fiber) by replacing existing Earth wire (Live-Line installation) on 132kV & 220kV Transmission Lines under Rajkot Zone - 1893.07 kM (Package-2) with Spare Quantity of OPGW Cable & It's Hardware on turnkey basis under PSDF Scheme (Phase-II) of worth Rs 65.65 crore.
Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.
