{"id":111405,"date":"2023-10-09T11:51:58","date_gmt":"2023-10-09T06:21:58","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111405"},"modified":"2023-10-09T11:52:03","modified_gmt":"2023-10-09T06:22:03","slug":"smallcap-stock-jumps-up-to-3-3-after-it-receives-supply-order-worth-10-4-cr-from-indian-navy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-up-to-3-3-after-it-receives-supply-order-worth-10-4-cr-from-indian-navy\/","title":{"rendered":"Smallcap stock jumps up to 3.3% after it receives supply order worth \u20b9 10.4 Cr from Indian Navy"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-714680009\"><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>This S&amp;P BSE Smallcap stock rose 3.3% on Monday within the first hour of market open after its receipt of order from Material Organization, Mumbai which is part of the Indian Navy serving mainly logistics and supply functions. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2074593020\"><!-- 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>The stock has been on a steady uptrend since March 2023 and currently trading 15% above its 20 day moving average and 8.4% above its 200 day moving average. The stock holds a market cap of Rs. 2,211 crore and is 7% away from its 52 week high.\u00a0<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/532406\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Avantel Ltd<\/a><\/strong> (\u201dAvantel\u201d) is a multibagger, returning 257% YTD and 355% over a 1 year period, Meaning if you invested Rs. 1 lakh into Avantel 1 year ago, it would now be worth about Rs. 4.6 lakh! Avantel manufactures and sells telecom products and related services in India.<\/p><p>In a filing dated 7th October 2023, Avantel announced that it has received a Supply Order worth Rs.10.39 crore from Material Organisation, Mumbai. The order involves manufacturing and supply of SATCOM Equipment and is expected to be completed by October 5th 2024.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2249241935\"><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>Earlier in mid September 2023, AVantel received an order from Material Organization, Vizag worth Rs. 7.03 crore for manufacture and supply of MSS TX \u2013 RX Terminals M-II to be completed by September 10, 2024.&nbsp;<\/p><p>The roles of Material Organisation, Mumbai within the Indian navy are to Provide Ops Logistics Support to all operational units of the Navy, operating beyond National Maritime boundaries; Import \/ export for all types of stores, by sea as well as air, for the entire Nav; Annual review of naval stores, machinery and spares, Soviet \/Russian origin stores, clothing and mess traps.<\/p><p>Material Organization is also responsible to the Flag Officer Commanding, Western Naval Command, for: &#8211; Supply of Naval and general stores including fuels, oils and lubricants. Machinery and spares Soviet stores.Similarly Material Organization, Vizag\u2019s key objectives include logistics support to Ships, Coast Guard and other Establishments forming party of the Easter Naval Command\/visiting ships<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-2432666781\"><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>This S&amp;P BSE Smallcap stock rose 3.3% on Monday within the first hour of market open after its receipt of order from Material Organization, Mumbai which is part of the Indian Navy serving mainly logistics and supply functions. The stock has been on a steady uptrend since March 2023 and currently trading 15% above its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104324,"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-111405","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>Smallcap stock jumps up to 3.3% after it receives supply order worth \u20b9 10.4 Cr from Indian Navy - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This S&amp;P BSE Smallcap stock rose 3.3% on Monday within the first hour of market open after its receipt of order from Material Organization, Mumbai which is part of the Indian Navy serving mainly logistics and supply functions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-up-to-3-3-after-it-receives-supply-order-worth-10-4-cr-from-indian-navy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smallcap stock jumps up to 3.3% after it receives supply order worth \u20b9 10.4 Cr from Indian Navy\" \/>\n<meta property=\"og:description\" content=\"This S&amp;P BSE Smallcap stock rose 3.3% on Monday within the first hour of market open after its receipt of order from Material Organization, Mumbai which is part of the Indian Navy serving mainly logistics and supply functions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-up-to-3-3-after-it-receives-supply-order-worth-10-4-cr-from-indian-navy\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-09T06:21:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-09T06:22:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Defence-ship.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-up-to-3-3-after-it-receives-supply-order-worth-10-4-cr-from-indian-navy\/\",\"url\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-up-to-3-3-after-it-receives-supply-order-worth-10-4-cr-from-indian-navy\/\",\"name\":\"Smallcap stock jumps up to 3.3% after it receives supply order worth \u20b9 10.4 Cr from Indian Navy - 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