Avantel receives order of Rs125.68 crore; Stock hits upper circuit

15 Mar 2022 , 09:24 AM

Avantel Limited has received a supply order for loco devices for implementation of RTIS phase — 2 (Real Time Train Information system) for an amount of Rs125.68 crore exclusive of applicable taxes.

The company stock saw huge buying activity early on Tuesday and at around 9.27 am, Avantel Ltd was trading at Rs874.30 per piece up by Rs130.6 or 17.56% from its previous closing of Rs743.70 per piece on the BSE.

The scrip opened at Rs811 and has touched a 20% upper circuit of Rs892.40 on the BSE.