Hot Pursuit     21-Mar-22
Avantel rises on bagging $1.3 million contract from Lockheed Martin
Avantel gained 3.35% to Rs 945 after the company has received an order for an amount $13,66,000 from Lockheed Martin Corporation.

The order is for the supply of Satcom Equipment. The announcement was during market hours today.

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

The company's net profit rose 13.08% to Rs 5.62 crore on a 16.41% rise in sales to Rs 29.09 crore in Q3 FY22 over Q3 FY21.

In the past three months, the stock has gained 35.79% while the benchmark Sensex has added 2.08% during the same period.

Previous News
  Avantel
 ( Results - Analysis 09-Oct-23   22:58 )
  Avantel consolidated net profit rises 161.73% in the September 2023 quarter
 ( Results - Announcements 10-Oct-23   07:32 )
  Avantel fixes record date for final dividend
 ( Market Beat - Reports 06-May-22   15:36 )
  Board of Avantel approves bonus issue of 2:1
 ( Corporate News - 09-Oct-23   17:38 )
  DRC Systems India Ltd leads gainers in 'B' group
 ( Hot Pursuit - 14-Jun-24   12:15 )
  Avantel standalone net profit rises 22.85% in the March 2022 quarter
 ( Results - Announcements 06-May-22   16:17 )
  Avantel fixes record date for interim dividend
 ( Market Beat - Reports 22-Jan-19   15:23 )
  Avantel wins order of Rs 9.10 cr
 ( Corporate News - 01-Apr-24   20:21 )
  Avantel director resigns
 ( Corporate News - 26-Dec-23   17:46 )
  Avantel wins purchase order of Rs 7.20 cr
 ( Corporate News - 02-Mar-24   12:42 )
  Board of Avantel recommends bonus issue of 3:1
 ( Corporate News - 06-May-22   15:33 )
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