India's Avantel gains after $12.4 million order win
31/08/2026 07:42
BUZZ-India's Avantel gains after $12.4 million order win ** Satellite communication systems maker Avantel AVAN.NS shares rise 2.9% to 161.39 rupees
** Co receives 1.18 billion rupee ($12.4 million) order from India's Defence Research and Development Organisation and Ministry of Defence
** Order to develop, install and commission ground segment hub for voice and data communication
** AVAN holds trailing 12-months PE of 242.64 vs industry median of 13.25 - data complied by LSEG
** YTD, stock up 2.6%
($1 = 95.4425 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)