Advait Energy shares jumped up to 11% to Rs 1,987 from a Rs 1,789 low after being named L1 bidder for DGVCL contract.
The company’s order book stands at Rs 1,048 crore as of Q3 FY26, with power distribution projects contributing 53% of revenue.
FY26 Q3 revenue rose 115% YoY to Rs 211 crore, operating profit 60% higher at Rs 24 crore and net profit up 70% to Rs 17 crore.
The stock now trades at a P/E of 45.2 versus industry average 19.2, highlighting valuation premium after the contract win.