Avantel Limited has also delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 89.61 on July 17, 2020, to Rs 868 on July 14, 2023, an increase of about 800 per cent in three years holding period. While in the last one year, the stock has gained more than about 230 per cent.
Avantel Ltd specializes in microwave subsystems, digital radios, and satellite communication systems, and offers related software solutions and services. It supplies mainly to defence establishments and allied departments in the public and private sectors. The company has its registered headquarters, manufacturing facility, and R&D facility at Vishakapatnam.