Avantel shares rise 9% after Rs 177 crore satellite communication order from Zetwerk

Avantel's stock price surged 8.52% to Rs 158.69 after the company secured a Rs 177.35 crore order from Zetwerk Manufacturing Businesses Limited for satellite communication equipment. The firm's purchase order, dated September 22, 2026, was awarded under a rate contract previously granted to Avantel. The contract includes manufacturing and supplying the equipment, along with a one-year comprehensive onsite warranty, and is scheduled to be completed by March 2027.

The company emphasizes that the order was not awarded to a related party and that the promoter or its group has no stake in the entity that issued the contract. Following the announcement, Avantel's market capitalization reached approximately Rs 3,884 crore, with the stock's 52-week high at Rs 215. On the valuation side, Avantel's P/E ratio is 224.29, while its P/S ratio is 15.08 and P/B ratio is 11.39.

Technical indicators suggest that Avantel is trading below all eight key Simple Moving Averages (SMAs), placing the stock below these common technical metrics. Foreign Institutional Investors (FIIs) increased their stake in Avantel to 1.54% in the June 2026 quarter, up from 0.55% in the previous quarter. The company reported revenue of Rs 71 crore in Q1 FY27, indicating a 35.8% year-on-year growth, and its net profit rose by 67.2% YoY to Rs 5 crore.