Avantel gains on bagging Rs 20.81 crore SATCOM products order from L&T
Avantel is currently trading at Rs. 171.55, up by 1.50 points or 0.88% from its previous closing of Rs. 170.05 on the BSE.
The scrip opened at Rs. 172.00 and has touched a high and low of Rs. 174.60 and Rs. 170.85 respectively. So far 69920 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 215.00 on 10-Oct-2025 and a 52 week low of Rs. 117.70 on 23-Mar-2026.
Last one week high and low of the scrip stood at Rs. 197.80 and Rs. 168.65 respectively. The current market cap of the company is Rs. 4586.17 crore.
The promoters holding in the company stood at 37.04%, while Institutions and Non-Institutions held 2.67% and 60.29% respectively.
Avantel has received a purchase order worth Rs 20.81 crore (including of applicable taxes) from Larsen & Toubro (L&T). The order is for the services relating to SATCOM products. The order is to be executed by July 2027.
Earlier, the company had received a firm purchase order worth Rs 83.80 crore (inclusive of applicable taxes) from M/s Zetwerk Manufacturing Businesses.
