India's Avantel rises after order win
09/06/2026 08:00
BUZZ-India's Avantel rises after order win ** Communication equipment maker Avantel AVAN.NS rises 4.1% to 167.61 rupees
** Co receives order worth 99.4 million rupees ($1.04 million) from India's Ministry of Defence
** Stock has risen twice in the last five trading sessions
** AVAN holds trailing 12-months PE of 285.23 vs industry median of 15.67, according to data compiled by LSEG, implying a high valuation relative to its peers
** YTD, stock up 6.3%
($1 = 95.6300 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)
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