This smallcap defence stock rallies 15% after bagging order worth ₹456 crore; all you need to know

The company, in a regulatory filing, said it has received a rate contract worth ₹459.90 crore for supply and an annual maintenance contract (AMC) of satellite communication equipment along with a one-year comprehensive onsite warranty.

The time period for the domestic order is for three years.

Last month, Avantel had bagged another order worth ₹122.58 crore from NewSpace India Limited for the supply of S/X-band with Ka-band-ready full-motion antennas.

Avantel share price

At 11:15 AM, Avantel shares were trading at ₹134.03 apiece on the National Stock Exchange, surging 10.74%.

In the last five trading sessions, shares of the firm have gained 4%. Over a month’s time, the stock has slipped over 6%, while it has fallen 25% in the last six months. On a year-on-year basis, shares of Avantel have soared 25%.

Shares of the firm had hit a 52-week high of ₹215 on October 10, 2025, and a 52-week low of ₹97.33 on April 7, 2025.

The company has a total market capitalisation of ₹3,578.59 crore, according to data on the NSE. The stock was listed on the exchanges on July 31, 2024.

About the firm

Avantel has been supporting the strategic sector for three decades and has rolled out many unique products / solutions to Indian defence services and allied establishments. The company, in its initial years, manufactured various building blocks of the radios.

From early 2000 onwards, the company has reoriented itself and started offering system-based solutions to its customers in four main verticals, i.e., satellite communications, HF communications, electronic warfare and radar systems, respectively. 

At present, the company is in the process of enhancing its portfolio and developing SCA-compliant software-defined radios, high-power HF systems, air defence radars and small satellites.