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Avantel touches the roof on bagging order worth Rs 19.35 crore

Avantel is currently trading at its upper circuit limit of Rs. 269.65, up by 12.80 points or 4.98% from its previous closing of Rs. 256.85 on the BSE.

The scrip opened at Rs. 269.65 and has touched a high and low of Rs. 269.65 and Rs. 269.65 respectively. So far 8471 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 324.60 on 29-Jun-2017 and a 52 week low of Rs. 102.00 on 18-Nov-2016.

Last one week high and low of the scrip stood at Rs. 269.65 and Rs. 229.10 respectively. The current market cap of the company is Rs. 109.33 crore.

The promoters holding in the company stood at 36.30%, while non-institutions held 63.70% stake in the company.

Avantel has bagged an order for an amount of Rs 19.35 crore. The company has secured the said order from Ministry of Defence.

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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