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Avantel inches up on securing purchase order worth Rs 11.59 crore

Avantel inches up on securing purchase order worth Rs 11.59 crore

Udaipur Kiran 1 week ago

Mumbai, April 7 (Udaipur Kiran): Avantel is currently trading at Rs. 136.45, up by 0.45 points or 0.33% from its previous closing of Rs. 136.00 on the BSE.

The scrip opened at Rs. 136.15 and has touched a high and low of Rs. 139.35 and Rs. 134.10 respectively. So far 33787 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. 90.33 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 139.35 and Rs. 128.70 respectively. The current market cap of the company is Rs. 3674.78 crore.

The promoters holding in the company stood at 37.08%, while Institutions and Non-Institutions held 0.60% and 62.32% respectively.

Avantel has received a purchase order from M/s. NewSpace India, for Supply, Installation and Commissioning of Devices for Xponders. The total value of the said order is Rs 11.59 crore exclusive of taxes. The said order is to be executed by October 2026.

Avantel is actively involved in design and development of products based on High Power Broad band Wireless, Satellite Communication and Broad band access technologies.

Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.

Avantel inches up on securing purchase order worth Rs 11.59 crore
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