India's Avantel extends rally on L&T order, set for longest streak in five months

Avantel

22/09/2025 09:30

** Shares of Avantel AVAN.NS extend gains, rises 4% to 191 rupees

** AVAN rose as much as 5.8% to 194.4 rupees early in the day, marking its highest level since August 1, 2024

** Communication systems manufacturer wins 193.3 mln rupee ($2.2 mln) order for service from Larsen and Toubro LART.NS for satcom products servicing

** Order to be executed by July 2026

** Stock has risen 16% in 7 days; previous longest rally of 8 days ended on April 22, rose about 20%

** Reuters was unable to confirm the reason for the rallies

** YTD, Avantel shares up nearly 26%

($1 = 88.2000 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))