Avantel zooms on securing contract Rs 9.94 crore from DRDO
Avantel is currently trading at Rs. 167.30, up by 6.35 points or 3.95% from its previous closing of Rs. 160.95 on the BSE.
The scrip opened at Rs. 162.50 and has touched a high and low of Rs. 170.25 and Rs. 162.50 respectively. So far 96375 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. 188.50 and Rs. 144.30 respectively. The current market cap of the company is Rs. 4471.91 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 secured contract worth Rs 9.94 crore (including taxes) from Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India. The order is for the development and testing of Satellite Terminals for GSAT. The order is to be executed by December 2028 and includes a warranty period of 24 months.
