Avantel shares jumped 9.37% to ₹159.47 during Thursday's trading session after securing a significant contract from Zetwerk Manufacturing Businesses Limited. The stock was trading at ₹159.47 apiece on NSE around 9:41 AM, gaining against its previous close at ₹146.17. The stock's rally came after the company announced receiving a firm purchase order worth ₹177.35 crore for satellite communication equipment supply. The stock's 52-week high stands at ₹215 registered on October 10, 2025, while it hit a 52-week low at ₹117 on March 23, 2026. This strong performance came despite the broader market weakness, with the Nifty 50 slipping almost 0.9% in today's trade.
Defence equipment manufacturer Avantel has secured a significant contract worth ₹177.35 crore from Zetwerk Manufacturing Businesses Limited. According to the company's regulatory filing dated September 23, 2026, the order involves the supply of satellite communication equipment along with a one-year comprehensive onsite warranty. The firm purchase order was officially dated September 22, 2026, with the domestic order expected to be completed by March 2027. As per the company's exchange filing, the purchase order is scheduled to be executed by March 2027. The order is domestic in nature and relates to manufacturing, with the company stating that the order was received pursuant to a rate contract previously awarded by Zetwerk to Avantel, and confirmed that the order was not awarded by a related party.
The contract award comes on the back of robust quarterly performance, with Avantel reporting revenue of ₹71 crore in Q1 FY27, registering a 35.8% year-on-year growth. According to The Economic Times, the company's net profit rose 67.2% YoY to ₹5 crore during the quarter. This strong financial performance has boosted revenue visibility for the telecom and defence electronics manufacturer, with the domestic manufacturing contract scheduled for execution by March 2027. The new order adds to the existing order book of the company, with investors assessing the increasing revenue visibility with the growing order book.
From a technical perspective, Avantel is currently trading below all eight key Simple Moving Averages (SMAs), indicating the stock remains below these widely tracked technical levels. However, the company has seen increased institutional interest, with Foreign Institutional Investors (FIIs) increasing their stake to 1.54% in the June 2026 quarter, up from 0.55% in the previous quarter. The stock has been under pressure over a year now, losing more than 16.7% during the period, though it gained 6.15% during the past week, mostly reflecting today's rally. The company's shares were listed on exchanges on July 31, 2024, and as an aerospace and defence-related company, Avantel is categorised as such by stock exchanges.
Avantel has been supporting India's defence sector for three decades and currently operates in four main verticals: satellite communications, HF communications, electronic warfare and radar systems. The company is developing SCA-compliant software-defined radios, high-power HF systems, air defence radars and small satellites to enhance its portfolio. According to NSE data, as of September 23, 2026, Avantel has a total market capitalisation of ₹4,198.73 crore and is currently trading at a price-to-earnings multiple of 226.14 times. The company is categorised as an aerospace and defence-related company by stock exchanges.
