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Avantel surges on bagging order worth Rs 19.33 crore

22 Sep 2025 Evaluate

Avantel is currently trading at Rs. 190.05, up by 6.25 points or 3.40% from its previous closing of Rs. 183.80 on the BSE.

The scrip opened at Rs. 185.25 and has touched a high and low of Rs. 194.40 and Rs. 184.25 respectively. So far 1351373 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 194.40 on 22-Sep-2025 and a 52 week low of Rs. 90.30 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 194.40 and Rs. 172.65 respectively. The current market cap of the company is Rs. 5003.95 crore.

The promoters holding in the company stood at 37.15%, while Institutions and Non-Institutions held 0.66% and 62.19% respectively.

Avantel has secured a purchase order worth Rs 19.33 crore (including Taxes) from M/s Larsen & Toubro for the service of Satcom Products. The order is to be executed by July 2026.
Earlier, the company had secured purchase order worth Rs 12.51 crore (including taxes) from M/s Bharat Electronics for supply of Satcom Products.

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

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