Latest news with #AvantelLtd
Business Standard
27-05-2025
- Business
- Business Standard
Bayer CropScience Ltd leads gainers in 'A' group
ITI Ltd, Avantel Ltd, Schneider Electric Infrastructure Ltd and AWL Agri Business Ltd are among the other gainers in the BSE's 'A' group today, 27 May 2025. ITI Ltd, Avantel Ltd, Schneider Electric Infrastructure Ltd and AWL Agri Business Ltd are among the other gainers in the BSE's 'A' group today, 27 May 2025. Bayer CropScience Ltd soared 11.84% to Rs 5737.3 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 29990 shares were traded on the counter so far as against the average daily volumes of 1098 shares in the past one month. ITI Ltd surged 9.50% to Rs 307.7. The stock was the second biggest gainer in 'A' group. On the BSE, 5.69 lakh shares were traded on the counter so far as against the average daily volumes of 48541 shares in the past one month. Avantel Ltd spiked 8.75% to Rs 139.8. The stock was the third biggest gainer in 'A' group. On the BSE, 13.56 lakh shares were traded on the counter so far as against the average daily volumes of 4.21 lakh shares in the past one month. Schneider Electric Infrastructure Ltd spurt 7.33% to Rs 728.2. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.56 lakh shares were traded on the counter so far as against the average daily volumes of 30073 shares in the past one month. AWL Agri Business Ltd gained 5.77% to Rs 274. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.54 lakh shares were traded on the counter so far as against the average daily volumes of 1.44 lakh shares in the past one month.
Business Upturn
19-05-2025
- Business
- Business Upturn
Why are Avantel shares up 12% today? Know More
By Aditya Bhagchandani Published on May 19, 2025, 10:16 IST Shares of Avantel Ltd surged 11.76% to ₹136.57 in early trade on May 19 following heightened activity in defence stocks amid reports of emergency procurement by the Indian armed forces. The stock hit a high of ₹139.60, up from its previous close of ₹122.20, reflecting strong investor sentiment in the sector. The rally comes India's armed forces have initiated the process of emergency procurement to replenish ammunition and modernize capabilities. The emergency purchases will include loitering munitions, anti-tank guided missiles, counter-UAV systems, and artillery shells. This procurement can be done up to 15% of the defence modernization outlay, which stood at ₹1.6 lakh crore in the Union Budget. Avantel, which specializes in wireless and satellite communication, defence electronics, radar systems, and network management software, has benefited from this renewed policy focus on defence preparedness. The Nifty India Defence Index has surged 9% so far in May, following an 11.5% gain in April and a 24.6% rally in March. The index had earlier seen a 33% correction between July 2024 and February 2025 but has since rebounded sharply amid escalating geopolitical tensions and strong government backing for domestic defence manufacturing. Investor interest has surged, pushing the combined market capitalization of 18 listed defence firms to a record ₹11.23 lakh crore — up 50% from February's lows. Fund managers also ramped up holdings in April, with notable inflows in Hindustan Aeronautics, Solar Industries, and Mazagon Dock Shipbuilders. With defence remaining a strategic priority and growing global interest in India's military capabilities, stocks like Avantel continue to ride the wave of optimism in the sector. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
03-05-2025
- Business
- Time of India
Avantel to raise Rs 80.90 cr via rights issue to expand manufacturing, service infra
New Delhi: Avantel Ltd, a provider of technology solutions to the defence and communication sectors, has announced plans to raise Rs 80.90 crore through a rights issue. The funds will be directed towards the expansion of manufacturing facilities and infrastructure in Andhra Pradesh and Telangana, including establishing dedicated facilities for the design, development, and production of electronics, antennas, and satellite communication systems. "As per the approved structure, the company will issue 2,02,26,100 fully paid-up equity shares with the face value of Rs 2 each at a price of Rs 40 per share, including a premium of Rs 38. The offer entitles eligible shareholders to receive 10 equity shares for every 121 shares held as of the record date, May 7, 2025," the company said in a statement. The rights issue is scheduled to open on May 15, 2025, and will close on May 22. The board has also indicated that while the issue period may be extended, it will not exceed 30 days from the opening date. Upon full subscription, Avantel's equity base will expand from 24,47,35,820 shares to 26,49,61,920 shares. The investment will also facilitate the creation of Ground Station as a Service (GSaaS) infrastructure, enabling Avantel to provide satellite data reception services and further enhance its capabilities in software-defined radios, communication-on-the-move systems, and antennas for defence and aerospace sectors. Additionally, part of the funds will be used for general corporate purposes. Avantel offers designing, developing, and maintaining communication products, radar systems, and network management software applications, primarily catering to the aerospace and defence sectors.>
Business Standard
28-04-2025
- Business
- Business Standard
Tejas Networks Ltd leads losers in 'A' group
Avantel Ltd, Lloyds Engineering Works Ltd, Shriram Finance Ltd and Ramkrishna Forgings Ltd are among the other losers in the BSE's 'A' group today, 28 April 2025. Avantel Ltd, Lloyds Engineering Works Ltd, Shriram Finance Ltd and Ramkrishna Forgings Ltd are among the other losers in the BSE's 'A' group today, 28 April 2025. Tejas Networks Ltd lost 12.43% to Rs 753 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 9.34 lakh shares were traded on the counter so far as against the average daily volumes of 2.36 lakh shares in the past one month. Avantel Ltd crashed 9.43% to Rs 117.15. The stock was the second biggest loser in 'A' the BSE, 7.21 lakh shares were traded on the counter so far as against the average daily volumes of 1.92 lakh shares in the past one month. Lloyds Engineering Works Ltd tumbled 5.82% to Rs 59.6. The stock was the third biggest loser in 'A' the BSE, 17.77 lakh shares were traded on the counter so far as against the average daily volumes of 7.11 lakh shares in the past one month. Shriram Finance Ltd dropped 5.77% to Rs 617.85. The stock was the fourth biggest loser in 'A' the BSE, 12.12 lakh shares were traded on the counter so far as against the average daily volumes of 2.95 lakh shares in the past one month. Ramkrishna Forgings Ltd shed 5.52% to Rs 620. The stock was the fifth biggest loser in 'A' the BSE, 3.21 lakh shares were traded on the counter so far as against the average daily volumes of 64342 shares in the past one month.
