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Avantel rises on bagging purchase order worth Rs 4.26 crore from Mazagon Dock Shipbuilders
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Avantel is currently trading at Rs. 110.95, up by 1.15 points or 1.05% from its previous closing of Rs. 109.80 on the BSE.
The scrip opened at Rs. 111.00 and has touched a high and low of Rs. 111.85 and Rs. 108.00 respectively. So far 67753 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 140.00 on 23-Jan-2024 and a 52 week low of Rs. 30.97 on 09-May-2023.
Last one week high and low of the scrip stood at Rs. 117.00 and Rs. 108.00 respectively. The current market cap of the company is Rs. 2671.10 crore.
The promoters holding in the company stood at 40.06%, while Non-Institutions held 59.94% stake in the company.
Avantel has received a purchase order worth of Rs 4.26 crore from Mazagon Dock Shipbuilders. The said order is to be executed by November 2, 2024. Recently, the company had received a purchase order worth of Rs 2.29 crore from Bharat Electronics.
Avantel is actively involved in design and development of products based on High Power Broad band Wireless, Satellite Communication and Broad band access technologies.
