Advait Infratech is currently trading at Rs. 642.05, up by 22.10 points or 3.56% from its previous closing of Rs. 619.95 on the BSE.
The scrip opened at Rs. 640.00 and has touched a high and low of Rs. 656.95 and Rs. 630.60 respectively. So far 13964 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 683.50 on 08-Dec-2023 and a 52 week low of Rs. 206.10 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 656.95 and Rs. 568.85 respectively. The current market cap of the company is Rs. 632.35 crore.
The promoters holding in the company stood at 73.53%, while Non-Institutions held 26.47% stake in the company.
Advait Infratech has signed two Memorandum of Understandings (MoUs) with the Government of Gujarat that will contribute significantly to the growth of the company and the state of Gujarat. The company has signed first MoU for the manufacturing and assembly of Fuel Cell and Electrolyser at Kadi, Mehsana, Gujarat in the year 2024. This strategic initiative aims to leverage the state's conducive business environment, thereby contributing to the economic development of the region.
Another significant MoU has been signed for the design, manufacturing, testing, and supply of an Emergency Restoration System at Kadi, Mehsana, Gujarat in the year 2024. This project aligns with the company’s commitment to providing innovative solutions and strengthening its presence in the state.
Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.
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