Avantel gains on receiving supply order worth Rs 5.30 crore
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Avantel is currently trading at Rs. 123.00, up by 1.60 points or 1.32% from its previous closing of Rs. 121.40 on the BSE.
The scrip opened at Rs. 123.00 and has touched a high and low of Rs. 123.50 and Rs. 122.00 respectively. So far 249311 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 136.00 on 28-Nov-2023 and a 52 week low of Rs. 24.18 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 124.50 and Rs. 113.00 respectively. The current market cap of the company is Rs. 2981.27 crore.
The promoters holding in the company stood at 40.10%, while Institutions and Non-Institutions held 0.01% and 59.88% respectively.
Avantel has received a Supply Order worth of Rs 5.30 crore vide mail dated January 18, 2024, from Naval Headquarters, Ministry of Defence for Satcom Baseband equipment (LDPC) for C-band Hub. The said order is expected to be completed on November 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.
