Avantel shines on signing contract worth of Rs 54.38 crore
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Avantel is currently trading at Rs. 635.95, up by 37.60 points or 6.28% from its previous closing of Rs. 598.35 on the BSE.
The scrip opened at Rs. 629.40 and has touched a high and low of Rs. 639.95 and Rs. 629.40 respectively. So far 23713 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 639.95 on 12-Jun-2023 and a 52 week low of Rs. 236.90 on 05-Jul-2022.
Last one week high and low of the scrip stood at Rs. 639.95 and Rs. 500.25 respectively. The current market cap of the company is Rs. 970.40 crore.
The promoters holding in the company stood at 40.14%, while Non-Institutions held 59.86% stake in the company.
Avantel has signed a contract worth of Rs 54.38 crore dated June 9, 2023 with Ministry of Defence, Coast Guard Headquarters, New Delhi for SATCOM Terminals and Hub Stations. The said contract is expected to be executed by September 2024.
Avantel is actively involved in design and development of products based on High Power Broad band Wireless, Satellite Communication and Broad band access
Avantel is currently trading at Rs. 635.95, up by 37.60 points or 6.28% from its previous closing of Rs. 598.35 on the BSE.
The scrip opened at Rs. 629.40 and has touched a high and low of Rs. 639.95 and Rs. 629.40 respectively. So far 23713 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 639.95 on 12-Jun-2023 and a 52 week low of Rs. 236.90 on 05-Jul-2022.
Last one week high and low of the scrip stood at Rs. 639.95 and Rs. 500.25 respectively. The current market cap of the company is Rs. 970.40 crore.
The promoters holding in the company stood at 40.14%, while Non-Institutions held 59.86% stake in the company.
Avantel has signed a contract worth of Rs 54.38 crore dated June 9, 2023 with Ministry of Defence, Coast Guard Headquarters, New Delhi for SATCOM Terminals and Hub Stations. The said contract is expected to be executed by September 2024.
Avantel is actively involved in design and development of products based on High Power Broad band Wireless, Satellite Communication and Broad band access technologies.
