Investing.com — The fibre optic cable manufacturer Advait Infratech (BO:ADVF) has received an order worth Rs 35.8 crore from a domestic entity for supplying Optical Fibre Ground Wire (OPGW).
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The company has informed the stock exchanges that it has won a domestic order for the supply of a 2,784 km long Optical Fibre Ground Wire.
The order is worth Rs 358,078,080, and the time period by which the order or contract needs to be executed is 12 months from the date of Letter of Award, the company said.
The small-cap company has been providing robust products and solutions for power transmission, substation, and telecommunication infrastructure.
Shares of Advait Infratech hit a 10% upper circuit of Rs 418.4 per share in Friday’s intraday trade, and have rallied 11% in the past week, as opposed to the benchmark indices Nifty50 and Sensex dropping 0.5% and 0.8%, respectively, in the July 28-ended week.
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The small-cap stock has skyrocketed 305% over a one-year period, making it multibagger in nature.
