The shares of this small cap stock gained 3.20 percent on Thursday after it received an order worth of Rs 17.64 crores from a defence company.
Avantel Limited is a Small cap company with Market capitalization of Rs 2,569.33 crores,. At 12.36 a.m, the company shares were trading at Rs 320.50 a share, an increase of 1.17 percent from the previous closing price.
According to the company’s regulatory filing, Avantel received an order from M/s Cochin Shipyard Ltd for a purchase order for 1 KW of HF and SATCOM equipment worth Rs 17.64 crores. Time period for the execution of order is between October 1, 2026 To November 30, 2029.
Pilots can communicate with air traffic control (ATC) in the cockpit using HF and SATCOM equipment, a type of communication system used in aviation and ports.
The company’s revenue increased by 49.38 percent from Rs. 36.37 crores in Q2FY23 to Rs 54.33 crores in Q2FY24. Further, During same period, Net Profit has increased by 171.49 percent from Rs 6.14 crores to Rs 16.67 crores.
The company reported excellent return ratios in the recent financial year with a return on equity(ROE) of 28.25 percent and return on capital employed(ROCE) of 35.99 percent.
Avantel limited stock gave 240 percent return in six months and 287 percent return in a year.
The stock has delivered multibagger returns of 240 percent in six months. As a result, if shareholder investment of Rs 1 lakh in the company,would be worth Rs 3.40 lakhs in six months.
As per the recent shareholding pattern, The Promoters of the Company own 40.1 percent while retail shareholders own 59.88 percent stake in the company.
Avantel Limited is a business that specialises in the production of telecom equipment and offers associated customer support services.
Written by :- Abhishek Singh.
