Avantel moves up on bagging firm purchase order worth Rs 83.80 crore
Avantel is currently trading at Rs. 180.20, up by 1.15 points or 0.64% from its previous closing of Rs. 179.05 on the BSE.
The scrip opened at Rs. 180.00 and has touched a high and low of Rs. 181.45 and Rs. 178.45 respectively. So far 62832 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. 181.40 and Rs. 167.25 respectively. The current market cap of the company is Rs. 4776.15 crore.
The promoters holding in the company stood at 37.04%, while Institutions and Non-Institutions held 1.47% and 61.48% respectively.
Avantel has received a firm purchase order worth Rs 83.80 crore (inclusive of applicable taxes) from M/s Zetwerk Manufacturing Businesses. The purchase order is pursuant to the Rs 459.90 crore rate contract (exclusive of taxes) awarded in March 2026. The order is for the supply of satellite communication equipment along with a one-year comprehensive onsite warranty. The order is scheduled to be executed by March 2027.
