{"id":105241,"date":"2023-07-14T16:27:33","date_gmt":"2023-07-14T10:57:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105241"},"modified":"2023-07-14T16:27:35","modified_gmt":"2023-07-14T10:57:35","slug":"multibagger-stock-jumps-6-after-receiving-an-order-from-mazagon-dock-for-satcom-systems","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-jumps-6-after-receiving-an-order-from-mazagon-dock-for-satcom-systems\/","title":{"rendered":"Multibagger stock jumps 6% after receiving an order from Mazagon Dock for Satcom Systems"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1769027641\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this small-cap Telecom stock more than 6 percent today after receiving an order from a defence company to supply and install Satcom Systems. In the last five trading sessions, the stock has seen a jump of more than 11 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-882293541\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 1,400 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/532406\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Avantel Limited<\/a><\/strong> closed today at Rs 867.10, a gain of around 6.20 percent compared to the previous closing levels of Rs 816.40 apiece.\u00a0<\/p><p>Year-To-Date, the scrip has given multibagger returns of 127 percent to its stakeholders. The same means a 1 Lakh investment turning to Rs 2.27 Lakhs within the above-mentioned period.&nbsp;<\/p><p>The surge in the stock prices was observed after the company, through a regulatory filing with the exchange dated 13th July 2023, informed that the company has received a purchase order worth Rs 4.24 crores from M\/s. Mazagon Dock Shipbuilders Limited.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4184064062\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The order is pertaining to the supply, installation, and commissioning of UHF SATCOM Systems and the same is decided to be executed by July 2024.&nbsp;<\/p><p>In addition to the above, the company released its financial results for Q1FY23-24 yesterday with the revenue from operations reported at Rs 69 crores, an increase of 165 percent from Rs 26 crores of revenues same period last year.&nbsp;<\/p><p>Moreover, the after-tax profits were reported at Rs 8 crores compared to Rs 4 crores of profits during the same period last year.&nbsp;<\/p><p>Avantel Limited is involved in the business of manufacturing telecom products and provides other support services as well. The company specializes in technologies related to satellite communication, signal processing, software development, etc. Catering to both, domestic and international markets, the company offers wireless products, Satcom products, etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4118825338\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this small-cap Telecom stock more than 6 percent today after receiving an order from a defence company to supply and install Satcom Systems. In the last five trading sessions, the stock has seen a jump of more than 11 percent.&nbsp; With a market capitalization of Rs 1,400 crores, the stocks of Avantel Limited [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":103995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9996,9998,9995,948,936,9997],"class_list":["post-105241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-avantel-latest-news","tag-avantel-latest-orders","tag-avantel-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-avantel-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock jumps 6% after receiving an order from Mazagon Dock for Satcom Systems - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this small-cap Telecom stock more than 6 percent today after receiving an order from a defence company to supply and install Satcom Systems. 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