2 Bonus Issues, 1:5 Split: Defence Stock Bags Order From BEL, Shares Gain 786% In 2-Yrs

Small cap company from aerospace & defence sector Avantel Ltd shares today slipped 0.88% despite receiving new order worth Rs 3.45 crore from Bharat Electronics Limited. Avantel Ltd shares offered shareholders stunning returns of 74.99% in last 6-months and slipped over 5% in last 1-month. The company's market capitalisation stood at Rs 4246.27 crore. Avantel Ltd also informed about its upcoming meeting of Board of Directors on October 5, 2024 to consider and approve un-audited financial results. Check details below:

Avantel Ltd Receives Order From Bharat Electronics Limited: As per the exchange filing of Avantel Ltd dated September 26, 2024, "In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that, the Company has received a Purchase Order worth of Rs.3.45 Crores vide mail dated September 25, 2024, from M/s. Bharat Electronics Limited." As per the BSE filing, the order must be executed by July 2025 for supply of Satcom Equipment.

Avantel Ltd To Consider Financial Results Next Month: The BSE filing dated September 25, 2024, "we hereby inform you that a meeting of the Board of Directors of the Company will be held on Saturday, October 5, 2024, inter alia, to consider and approve the Un-audited Financial Results of the Company for the Second Quarter and Half Year ended September 30, 2024."

Avantel Ltd Shares Performance: The 52-week high price of Avantel shares on BSE is Rs 223.80 per share (as on 09/07/2024) and 52-week low price is Rs 72.29 per share (as on 27/09/2023), respectively. Avantel shares gained 48% so far this year, rose 138% in last 1-year, and offered return of 786% in last 2-years only. In last 3-years, Avantel stock surged 1338% and 4988% in last 5-years.

Avantel Bonus Share History: Avantel offered 2 bonus issues since June 17, 2022. The last Bonus that Avantel declared was in the ratio 2:1 with ex-bonus date fixed as November 24, 2023.

Avantel Stock Split History: Avantel split the face value of its shares once since August 14, 2023. Avantel last split the face value of its shares from Rs 10 to Rs 2 in 2023.The share traded ex-split from August 14, 2023.

Avantel Dividend History: Avantel announced 21 dividends since June 25, 2001. In last 1-year, Avantel Ltd announced an equity dividend amounting to Rs 0.20 per share. At the current share price of Rs 175.40, Avantel offers a dividend yield of 0.11%.

Avantel About: Avantel has been supporting the strategic sector since three decades and has rolled out many unique products / solutions to Indian Defence Services and allied establishments. The company in its initial years, has manufactured various building blocks of the Radios. From early 2000 onwards; the company has reoriented itself and started offering system based solutions to its customers in four main verticals i.e. Satellite Communications, HF Communications, Electronic Warfare and Radar systems respectively. Presently, the company is in the process of enhancing its portfolio and developing SCA compliant Software Defined Radios, High Power HF systems, Air Defence Radars and Small Satellites," as per its official website.

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