18 Sep 2025

Avantel Gains After Securing Purchase Order Worth Rate RS 12.51 Crore

Avantel is currently trading at Rate RS 179.10, up by 2.25 points or 1.27% from its previous closing of Rate RS 176.85 on the BSE.

The stock opened at Rate RS 177.90 and touched a high of Rate RS 184.40 and a low of Rate RS 174.45 during the session. A total of 5,15,760 shares have been traded so far.

The BSE group 'A' stock, with a face value of Rate RS 2, has recorded a 52-week high of Rate RS 190.95 on 07-Oct-2024 and a 52-week low of Rate RS 90.33 on 07-Apr-2025.

In the last week, the stock traded between a high of Rate RS 186.50 and a low of Rate RS 166.25. The company’s current market capitalization stands at Rate RS 4,762.83 crore.

Promoters hold 37.15% stake in the company, while institutions and non-institutions hold 0.66% and 62.19% respectively.

Avantel has secured a purchase order worth Rate RS 12.51 crore (including taxes) from M/s Bharat Electronics for the supply of Satcom products. The order is scheduled for execution by March 2026.

Earlier, the company had received a maintenance contract worth Rate RS 1.94 crore (including taxes) from M/s Fleet Maintenance Unit.

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