{"id":114826,"date":"2023-12-04T13:07:50","date_gmt":"2023-12-04T07:37:50","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114826"},"modified":"2023-12-04T13:12:04","modified_gmt":"2023-12-04T07:42:04","slug":"defence-stock-jumps-5-after-it-receives-an-order-worth-68-cr-for-supply-of-satcom-terminals","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-5-after-it-receives-an-order-worth-68-cr-for-supply-of-satcom-terminals\/","title":{"rendered":"Defence stock jumps 5% after it receives an order worth \u20b9 68 Cr for supply of Satcom Terminals"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-661649077\"><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 defence stock under the \u2018small-cap\u2019 category jumped around 5 percent after the company secured a domestic order from \u201cM\/s. NewSpace India Limited\u201d worth Rs 67.92 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1376105358\"><!-- 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 3,113.85 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/532406\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Avantel Limited<\/a><\/strong> opened their trading session on Monday at Rs 127 and currently trades at Rs 129.20, gaining around 5 percent as compared to the previous closing levels of Rs 123.10 apiece.\u00a0<\/p><p>Such bullish movements in the stock prices were observed after the company, through a recent regulatory filing with the exchange, intimated that it has received a domestic purchase order worth Rs 67.92 crores from M\/s. NewSpace India Limited.&nbsp;<\/p><p>The above order pertains to the supply, installation, and commissioning of \u201cSatcom Terminals\u201d (Xponders), and, the same is to be executed by October 2024. Coming onto the financials, the company, during the recent quarters, reported opposing movements as far as the operating revenues and net profits are concerned.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-523046883\"><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 former, on one end, fell from Rs 68.95 crores during Q1FY23-24 to Rs 54.33 crores during Q2FY23-24, and, the latter, due to efficient cost management, doubled from Rs 8.01 crores to Rs 16.07 crores.&nbsp;<\/p><p>The Union Budget, for FY24, envisages a total outlay of around Rs 45 lakh crores out of which, the \u2018Ministry of Defence\u2019 has been allocated a total budget of approximately Rs.5.90 lakh crores constituting almost 13.20 percent of the total budget.&nbsp;<\/p><p>As a result of the same, the company, in the current financial year, expects to focus more on the development of ship-borne as well as land-based platforms and the design &amp; development of Air Defence Radar systems for the Indian Army.&nbsp;<\/p><p>Avantel Limited is associated with the telecom sector manufacturing satcom products, software solutions, etc. Specializing in technologies related to satellite communication, the company caters to a wide range of industries including defense, railway, marine, and many more.&nbsp;<\/p><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><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-content-10\" id=\"trade-3519315096\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><div class=\"trade-after-content\" id=\"trade-4122085844\"><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 defence stock under the \u2018small-cap\u2019 category jumped around 5 percent after the company secured a domestic order from \u201cM\/s. NewSpace India Limited\u201d worth Rs 67.92 crores.&nbsp; With a market capitalization of Rs 3,113.85 crores, the stocks of Avantel Limited opened their trading session on Monday at Rs 127 and currently trades at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":114828,"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-114826","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>Defence stock jumps 5% after it receives an order worth \u20b9 68 Cr for supply of Satcom Terminals - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this defence stock under the \u2018small-cap\u2019 category jumped around 5 percent after the company secured a domestic order from \u201cM\/s. 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