Avantel bags Rs 122.58 Cr order from NewSpace India for antennas

Order above 5% of revenueGovernment or defence orderBusiness Updates View source PDF Explain this filing

AVANTEL · price

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Price reactionminutes from the announcement price · days from the prior close

+2.7%Reaction day

₹150.38

prior close

₹150.54

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+3.2% vs market

Aerospace & Defense peers, median of 23sector-0.5%+3.1% vs sector

On the reaction day the stock moved 3.2 pts more than Nifty Microcap 250 and 3.1 pts more than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+5.7

10m

+6.0

15m

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30m

+5.0

Sessions after the filingfrom the prior close

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Reaction day

+2.7-0.5+3.2-0.5+3.1

Next day

+0.4-1.0+1.4-0.1+0.5

+0.8-2.5+3.3-2.0+2.8

-0.1-3.2+3.0-2.6+2.5

-0.3-2.2+2.0-0.9+0.7

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15d

-4.7-8.8+4.1-2.6-2.2

-4.9-9.3+4.4+3.5-8.4

+0.2-4.5+4.7+2.5-2.3

+10.6+5.4+5.2+23.4-12.9

UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 23Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Avantel Limited received a purchase order worth Rs. 122.58 Crores (excluding taxes) from NewSpace India Limited, the commercial arm of ISRO under the Department of Space. The order covers supply, installation and commissioning of S/X-band with Ka-band ready full motion antennas, to be executed by August 2027. The order is domestic and not a related party transaction.

Likely market impact

Large order from a government space entity lifts order book and revenue visibility through 2027; positive for growth.