Avantel is currently trading at Rs. 110.10, up by 3.05 points or 2.85% from its previous closing of Rs. 107.05 on the BSE.

The stock opened at Rs. 114.05 and touched an intraday high of Rs. 115.00 and a low of Rs. 109.25. A total of 44,385 shares have been traded so far.

Avantel, a BSE group 'B' stock with a face value of Rs. 2, recorded a 52-week high of Rs. 223.80 on July 9, 2024, and a 52-week low of Rs. 86.05 on March 14, 2024. In the past week, the stock traded between Rs. 119.90 and Rs. 99.60. The company’s current market capitalization stands at Rs. 2619.79 crore.

Promoters hold a 38.58% stake in the company, while institutions and non-institutions own 1.07% and 60.36%, respectively.

Avantel has secured a purchase order worth Rs. 43.25 crore (including taxes) from M/s NewSpace India, dated February 19, 2025. The order, set for execution by August 2025, involves the supply, installation, and commissioning of devices for Xponders.

Avantel specializes in designing and developing products based on high-power broadband wireless, satellite communication, and broadband access technologies.