Shares of Avantel have jumped 38% in nine sessions from its previous closing low of Rs 528.8 on 2 July 2021. The stock hit a record high of Rs 748.95 in intraday today. The stock is up 127.5% from its 52-week low of Rs 320 posted on 31 July 2020.

Avantel specializes in integrating technologies related to wireless front-end, Satellite Communication, Embedded systems, Signal Processing, Network management and Software development.

The company posted a 38.1% rise in net profit to Rs 5.69 crore on a 34% increase in net sales to Rs 29.06 crore in Q4 FY21 over Q4 FY20.