BEL Order Lifts Avantel Stock Has Gained 36% In One Month

Telecom equipment manufacturer Avantel has been on a strong run lately. The stock has advanced in four of the past five sessions, rising nearly 10% during this period.

On Thursday, the stock reversed early losses to gain as much as 4% after securing a purchase order from Bharat Electronics (BEL).

According to a press release dated September 18, Avantel received a purchase order worth ₹12.51 crore from Bharat Electronics for the supply of satellite communication (satcom) products.

The domestic order involves a manufacturing contract with a performance bank guarantee of 3%. It is scheduled for execution by March 2026.

Multiple Order Wins

The latest contract with BEL marks Avantel's fourth order win in September.

On September 8, it received a purchase order worth ₹9.88 crore from the Department of Atomic Energy, followed by another purchase order worth ₹9.92 crore from Garden Reach Shipbuilders for the supply of satellite communication (satcom) products.

On September 17, Avantel signed a maintenance contract worth ₹1.94 crore from the Fleet Maintenance Unit.

Stock Watch

Avantel's stock has gained nearly 23% in September alone. This has brought in significant investor interest in the stock, with retail chatter 'extremely high' on Stocktwits.

Sentiment improved to 'neutral' from 'extremely bullish' a day earlier.

In a one-month timeframe, Avantel's shares have gained over 36% and its year-to-date gains stand at 22.8%.

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