Avantel Softech surged 8.01% to Rs 57.95 at 10:19 IST on BSE after the company said it has bagged an order worth Rs 8.25 crore from the Ministry of Defence, Government of India, for supply of satellite communication receiver terminals for Indian Navy
The stock hit a high of Rs 58.85 and a low of Rs 55.25 so far during the day. The stock had a 52-week high of Rs 138.50 on
The company’s current equity is Rs 5.15 crore. Face value per share is Rs 10.
The current price of Rs 57.95 discounts its Q3 December 2007 EPS of Rs 4.50, by a PE multiple of 12.88.
Avantel Softech’s net profit declined 67.60% to Rs 0.58 crore on 54.15% fall in net sales to Rs 4.36 crore in Q3 December 2007 over Q2 September 2007.
The company's principal activity is to design and manufacture repeaters, filters, combiners and amplifiers to enhance the capacity and coverage of wireless communication networks, for use in GSM, CDMA and 3G networks.
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