India's Avantel jumps on June-qtr profit surge, order win

Avantel

14/07/2023 07:24

** Shares of India's Avantel  AVAN.BO  jumps as much as
7.14% at 874.70 rupees 
    ** Co on Thursday said it received a purchase order worth
42.4 mln rupees (~$516,500) from Mazagon Dock Shipbuilders
 MAZG.NS  
    ** Co also reported ~83% surge in June-qtr consol net profit
on Thursday 
    ** Stock snaps two straight sessions of losses; shares
currently trading above 50-day, 100-day and 200-day moving
averages
    ** More than 46,199 shares change hands by 11:31 A.M. IST,
0.7x 30-day avg  
    ** Stock soars ~127% this year 

($1 = 82.0930 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))