Mumbai, September 22 (Udaipur Kiran News): Shares of Avantel Ltd gained on the BSE after the company bagged a purchase order worth ₹19.33 crore (including taxes) from Larsen & Toubro for servicing of Satcom products. The stock was trading at ₹190.05, up ₹6.25 or 3.40% from its previous close of ₹183.80.
The scrip opened at ₹185.25 and touched an intraday high of ₹194.40 — also its new 52-week high — and a low of ₹184.25. A total of 13,51,373 shares were traded during the session. On a weekly basis, the stock moved between ₹194.40 and ₹172.65. The company’s market capitalisation stands at ₹5,003.95 crore.
The newly secured order is to be executed by July 2026. Recently, Avantel also received a ₹12.51 crore order (including taxes) from Bharat Electronics for the supply of Satcom products.
Avantel is engaged in the design and development of wireless, satellite communication, and broadband access technologies, with a focus on high-power broadband wireless solutions.
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.