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

Avantel‘s share price rallied 8.52% to Rs 158.69 during Thursday’s trading session after the company announced it received a firm purchase order worth Rs 177.35 crore from Zetwerk Manufacturing Businesses Limited for supplying satellite communication equipment.

The purchase order, dated September 22, 2026, was received pursuant to a rate contract previously awarded by Zetwerk to Avantel. The order includes the manufacturing and supply of satellite communication equipment along with a one-year comprehensive onsite warranty.

According to the company’s regulatory filing, the order is a domestic manufacturing contract required to be executed by March 2027. The total order value is Rs 177.35 crore.

The company stated the order was not awarded by a related party, and the promoter or promoter group has no interest in the entity awarding the contract.

Share Price, Valuation and Technical Indicators

Following today’s surge, Avantel’s market capitalisation stands at around Rs 3,884 crore, while the stock’s 52-week high is Rs 215.

On the valuation front, Avantel has a P/E ratio of 224.29, while its Price-to-Sales (P/S) ratio stands at 15.08 and Price-to-Book (P/B) ratio at 11.39.
According to Trendlyne data, from a technical perspective, Avantel is currently trading below all eight key Simple Moving Averages (SMAs), indicating the stock remains below these widely tracked technical levels.FII Holding: In the June 2026 quarter, Foreign Institutional Investors (FIIs) increased their stake in Avantel to 1.54%, up from 0.55% in the previous quarter.

Quarterly Results (June 2026): Avantel reported revenue of Rs 71 crore in Q1 FY27, registering a 35.8% year-on-year growth. The company’s net profit rose 67.2% YoY to Rs 5 crore during the quarter.

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