Avantel zooms on receiving supply order worth Rs 109.76 crore
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Avantel is currently trading at Rs. 122.80, up by 8.20 points or 7.16% from its previous closing of Rs. 114.60 on the BSE.
The scrip opened at Rs. 125.00 and has touched a high and low of Rs. 126.50 and Rs. 121.10 respectively. So far 2571308 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. 32.67 on 02-Jun-2023.
Last one week high and low of the scrip stood at Rs. 126.50 and Rs. 112.10 respectively. The current market cap of the company is Rs. 2991.00 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 supply order worth of Rs 109.76 crore vide order dated May 29, 2024, from Ministry of Defence, Government of India for supply of SATCOM Equipment. The said order is to be executed in 12 months.
Avantel is actively involved in design and development of products based on High Power Broad band Wireless, Satellite Communication and Broad band access technologies.
