Advait Energy Transitions is an Ahmedabad-based company offering products and end-to-end solutions for power transmission, substations and telecommunications infrastructure. The company diversified into renewable energy in 2023.Founded in 2009, Advait Energy Transitions specializes in stringing tools, ACS wire manufacturing, OPGW operations, ERS, turnkey telecom projects, live line installations and green energy. The company also supplies alkaline and PEM electrolysis systems, fuel cell systems, hydrogen refueling stations (HRS), hydrogen blending systems and hydrogen storage units.
Advait Energy shares have lagged the market, falling more than 7% in the past year. This has fallen sharply in the past six months, by more than 30%.
Kedia, known for identifying multibagger small-cap stocks early, also added Patel Engineering to its portfolio in the October-December quarter, acquiring a 1.01% stake, or 1 crore shares, through his firm Kedia Securities Pvt Ltd.
The purchase comes after shares fell more than 40% in the past year. Patel Engineering operates in the infrastructure and construction sector, with expertise in large-scale civil projects such as dams, tunnels, hydropower stations, highways, bridges and railways, along with real estate development. Kedia also increased its stake in Om Infra by 50 basis points to 2.5% last quarter, while cutting its stake in Precision Camshafts to below 1%.
Kedia publicly owns 17 stocks with a net worth of over Rs 1,133.3 crore, Trendlyne data shows.
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