Avantel is currently trading at RS. 117.40, up by 1.80 points or 1.56% from its previous closing of RS. 115.60 on the BSE.

The stock opened at RS. 113.85 and has touched a high of RS. 118.80 and a low of RS. 113.15. So far, 1,46,918 shares have been traded on the counter.

Avantel, a BSE group 'A' 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. 99.05 on April 15, 2024. Over the last week, the stock's high and low stood at RS. 118.15 and RS. 111.05, respectively. The company's current market capitalization is RS. 2875.65 crore.

The company’s shareholding pattern consists of 38.58% held by promoters, 1.07% by institutions, and 60.36% by non-institutions.

In a significant development, Avantel has secured a purchase order worth RS. 4.96 crore (excluding taxes) from the Department of Atomic Energy, with execution scheduled by May 2, 2026. Previously, the company had received a purchase order worth RS. 11.36 crore (including taxes) for supplying satcom systems to M/s Goa Shipyard.

Avantel specializes in the design and development of high-power broadband wireless, satellite communication, and broadband access technologies.