Avantel wins Rs 9.94 crore DRDO contract for satellite terminals

Govt Defence OrderBusiness Updates View source PDF Explain this filing

AVANTEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+4.6%Reaction day

₹161.20

prior close

₹162.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.9%+2.7% vs market

Aerospace & Defense peers, median of 24sector+2.9%+1.6% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 1.6 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

+3.8

10m

+3.4

15m

+3.4

30m

+4.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.6+1.9+2.7+2.9+1.6

Next day

+0.6+0.4+0.2+1.0-0.4

-2.6-0.7-1.9-1.2-1.4

+3.0+2.3+0.7+2.5+0.5

+4.3+4.1+0.2+3.9+0.4

+5.1+4.6+0.5+5.9-0.7

+11.5+6.3+5.2+7.9+3.6

15d

+11.4+7.5+3.8+9.0+2.3

+11.7+7.4+4.3+8.7+2.9

+0.9+11.2-10.3+10.5-9.6

-0.7+13.9-14.6+14.3-15.0

UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 24Pending

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

AI summary

Avantel Limited has received a Rs 9.94 crore contract from DRDO, Ministry of Defence, for the development and testing of satellite terminals for GSAT. The domestic manufacturing and service order carries a 24-month warranty and is to be executed by December 2028.

Likely market impact

Strengthens defence order book; positive for revenue visibility through 2028.