Avantel's stock price up by more than 6% today after company gets new orders
By Ankur Chandra | Published at: Jun 23, 2025 02:20 PM IST
Hyderabad, June 23, 2025 – Avantel Limited (NSE: AVANTEL) surged over 6% in early morning trade today after securing two key defence orders from Mazagon Dock and the Defence Research and Development Organisation (DRDO).
The order from Mazagon Dock is for defence supply and will last around 36 months. The order from DRDO is for the development of software-defined radios (SDRs) and will last about 18 months.
The orders have boosted investor sentiment and volumes. As of 11:36 a.m., Avantel Ltd. is trading at ₹164.81, close to its intraday high of ₹166.00. This marks a significant rise of about 6% for the company’s stock.
Order Details
The first major contract, awarded by Mazagon Dock Shipbuilders Limited, is valued at ₹11.06 crore (inclusive of taxes) and carries a 5% performance bank guarantee. The second, a manufacturing order from DRDO worth ₹13.67 crore (including taxes), includes a 3% performance bank guarantee.
| Customer | Order Value (Incl. Taxes) | Purpose | Execution Timeline |
|---|---|---|---|
| Mazagon Dock Shipbuilders Ltd | ₹11.06 crore | Defence supply (undisclosed scope) | 36 months |
| Defence Research and Development Organisation (DRDO) | ₹13.67 crore | Development of Software Defined Radios (SDRs) | 18 months |
These orders strengthen Avantel’s positioning in India’s indigenous defence tech ecosystem and reaffirm its credentials in mission-critical communication systems.
Stock Market Reaction
| Metric | Value |
|---|---|
| Last Traded Price | ₹163.17 |
| Change (%) | +5.32% |
| Volume Traded | 25.95 lakh shares |
| VWAP | ₹161.49 |
| Total Market Cap | ₹4,323.38 crore |
| Free Float Market Cap | ₹2,594.66 crore |
The stock touched an intraday high of ₹165.00 before settling at ₹163.17 as of 10:25 a.m. IST, placing it among the top gainers for the day.
Price Band and Volatility
| 52-Week High | 52-Week Low | Price Band (%) | Daily Volatility | Annualised Volatility |
|---|---|---|---|---|
| ₹201.33 | ₹95.33 | 10% | 2.94 | 56.17 |
Avantel is currently under Stage-I ASM (Additional Surveillance Measure) due to its high P/E ratio (83.67), significantly exceeding the regulatory threshold of 50 over the last four quarters.
Market Outlook
So far, the stock has rallied on strong order visibility, with the orders boosting investor confidence in Avantel’s capabilities in mission-critical systems. The market will watch the execution pace and future order flow to justify the current valuation and sustain momentum.
About the Company
Avantel Limited is a listed defence technology company under the Aerospace & Defence sector. The stock was listed on July 31, 2024, and remains actively traded with a consistent track record in communication and surveillance solutions for India’s defence and space segments.
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