Avantel Shares Rise Over 8% On ₹177-Crore Zetwerk Order
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Avantel shares rose 8.52% after the company received a ₹177.35-crore satellite communication equipment order from Zetwerk. The contract is to be completed by March 2027.
Avantel shares rose 8.52% to ₹158.69 on Thursday after the company announced a ₹177.35-crore order from Zetwerk Manufacturing Businesses Limited for the supply of satellite communication equipment.
The purchase order was dated 22 September 2026 and was issued under a rate contract that Zetwerk had previously awarded to Avantel. The order covers the manufacturing and supply of satellite communication equipment, along with a one-year comprehensive onsite warranty.
Avantel said the contract is for domestic manufacturing and is scheduled to be completed by March 2027. The total value of the order stands at ₹177.35 crore.
The company also said Zetwerk is not a related party and that neither Avantel's promoters nor the promoter group have any interest in the entity that placed the order.
Avantel Share Price And Valuation
At 11:59 AM, Avantel share price stood at ₹154.98 on the National Stock Exchange (NSE), up 6.03%.
The latest rise has taken Avantel's market capitalisation to around ₹3,884 crore. The stock's 52-week high stands at ₹215.
Avantel's valuation remains high compared with its recent earnings. The stock has a price-to-earnings (P/E) ratio of 224.29, while its price-to-sales ratio is 15.08 and price-to-book ratio is 11.39.
On the technical side, Trendlyne data shows that the stock is currently below all eight key Simple Moving Averages (SMAs).
FII Holding Rises To 1.54%
Foreign institutional investors (FIIs) increased their holdings in Avantel during the June 2026 quarter. FII ownership stood at 1.54% at the end of the quarter, compared with 0.55% in the previous quarter.
The increase came even as the stock remained below its 52-week high.
Avantel Q1 Profit Rises 67%
Avantel reported revenue of ₹71 crore for the quarter ended June 2026, up 35.8% from the same period a year earlier. Net profit increased 67.2% year-on-year to ₹5 crore in Q1 FY27.
The latest Zetwerk order adds another ₹177.35 crore to the company's order pipeline, with the satellite communication equipment to be manufactured and supplied by March 2027.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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