Hyderabad, January 8, 2026: Shares of Avantel Limited (BSE: 532406, NSE: AVANTEL) were trading higher in early trade on Thursday after the company announced a fresh purchase order valued at Rs 11.19 crore, excluding taxes, providing positive momentum to the stock.
At around 9:24 am IST, Avantel shares were trading at Rs 168.29, up Rs 4.47 or 2.73% from the previous close, after touching an intraday high of Rs 169.30.
Order Details Drive Investor Interest
Avantel has received a purchase order from NewSpace India Limited for the supply, installation, and commissioning of devices for Xponders. The order pertains to the manufacturing segment and is scheduled to be executed by July 2026. The total consideration for the contract stands at Rs 11.19 crore, excluding applicable taxes.According to the company, the order has been awarded by a domestic entity and does not involve any promoter group interest or related-party considerations.
Stock Performance Snapshot
| Particulars | Value |
|---|---|
| Previous Close | Rs 163.82 |
| Open | Rs 163.70 |
| Intraday High | Rs 169.30 |
| Intraday Low | Rs 162.51 |
| VWAP | Rs 166.98 |
| Last Traded Price | Rs 168.29 |
About the Company
Avantel Limited is an India-based technology company engaged in the design, development, and manufacturing of communication and networking products, with a focus on defence, space, and satellite communication applications. The company is listed on both the BSE and NSE and operates manufacturing facilities in Andhra Pradesh and Telangana.Source:
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