Avantel’s shares ticked up after the company secured a Rs 4.16 crore contract to supply satellite communication gear to the Navy’s aviation wing.
Why the contract matters
The order adds to a string of recent deals that have brought in more than Rs 40 crore for the firm, showing strong demand for its sat‑com products.
Recent big orders
- Rs 13.82 crore – satellite hub equipment for the Centre for Railway Information Systems.
- Rs 17.55 crore – communication systems for Bharat Electronics.
- Rs 8.03 crore – power amplifiers for Bharat Electronics.
Share price snapshot
At 09:18 am the stock was at Rs 160.25, up Rs 0.40 (0.25%). Yesterday it closed at Rs 159.85, down 1.11%.
The share’s 52‑week high is Rs 215.00 and the low is Rs 90.33, meaning it is currently about 26% below its peak but well above its trough.
Avantel’s market capitalisation stands at roughly Rs 4,243 crore.
What investors might consider
The steady inflow of government contracts could support the stock’s earnings, but the share still trades below its recent high, leaving room for potential upside if the order flow continues.
Remember, this is just an overview, not a recommendation. Do your own research before making any investment decisions.