Avantel trades jubilantly on bagging purchase order worth Rs 13.30 crore
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Avantel is currently trading at Rs. 254.95, up by 19.85 points or 8.44% from its previous closing of Rs. 235.10 on the BSE.
The scrip opened at Rs. 241.00 and has touched a high and low of Rs. 259.95 and Rs. 241.00 respectively. So far 482412 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 259.95 on 24-Aug-2023 and a 52 week low of Rs. 49.80 on 05-Sep-2022.
Last one week high and low of the scrip stood at Rs. 259.95 and Rs. 192.55 respectively. The current market cap of the company is Rs. 2043.46 crore.
The promoters holding in the company stood at 40.10%, while Institutions and Non-Institutions held 0.03% and 59.87% respectively.
Avantel has received a purchase order worth Rs 13.30 crore dated August 23, 2023, from M/s Bharat Electronics for supply of PA Modules. The order is to be executed by April 23, 2024.
Earlier, the company had received a purchase order worth of Rs 4.24 crore dated July 13, 2023, from Mazagon Dock Shipbuilders for Supply, Installation and Commissioning of UHF SATCOM Systems.
Avantel is actively involved in design and development of products based on High Power Broad band Wireless, Satellite Communication and Broad band access technologies.
