Avantel is currently trading at Rs. 63.95, up by 2.05 points or 3.31% from its previous closing of Rs. 61.90 on the BSE.
The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 64.45 and Rs. 62.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.50 on 06-Jul-2011 and a 52 week low of Rs. 41.00 on 28-Feb-2011.
Last one week high and low of the scrip stood at Rs. 64.45 and Rs. 55.55 respectively. The current market cap of the company is Rs. 30.33 crore.
The promoters holding in the company stood at 32.23% while Non-Institutions held 67.77% respectively.
The defence communication products maker, Avantel, has delivered 12 units of the MSS product to Boeing on December 26. The first batch of P-81 maritime reconnaissance aircraft being purchased by the Indian Navy from Boeing Corporation of US will carry a vital and innovative mobile satellite service (MSS)-based communication system developed by Hyderabad-based firm, Avantel.
After evaluating the air-worthiness of the product, Boeing ordered for the 12 units at a cost of $1.8 million. The US aircraft maker has entered into a $2-billion deal with the Indian Navy for supply of 8 P-81 reconnaissance aircraft.
The company had initially developed the product for deployment aboard naval vessels to facilitate communication between warships in high seas with a coverage of up to 800 nautical miles from shore. These products are used at locations where no terrestrial coverage or VHF communication is available.
Avantel is in the process of developing a voice-cum-data UHF radio communication product for Antrix Corporation, the commercial wing of the Indian Department of Space, to be used by the Indian Navy.
The company is actively involved in design and development of products based on High Power Broad band Wireless, Satellite Communication and Broad band access technologies. The design, development and integration of wireless and access products are carried out using standard and proprietary software tools.
| Company Name | CMP |
|---|---|
| Tejas Networks | 1340.90 |
| ITI | 289.20 |
| Black Box | 692.50 |
| Quadrant Televenture | 2.03 |
| Avantel | 171.00 |
| View more.. | |
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