India, Jan. 8 -- The shares of the defence products manufacturer gained up to 3.2 percent in today's trading session after the company bagged a significant order from NewSpace India Limited worth Rs 11.19 crore.

With a market capitalisation of Rs 4,435.95 crore, the shares of Avantel Ltd were trading at Rs 166.85 per share, increasing around 2 percent as compared to the previous closing price of Rs 163.75 apiece.

Significant Order The shares of Avantel Ltd have seen bullish movement after receiving a domestic purchase order worth Rs 11.19 crore (excluding taxes) from NewSpace India Limited. The order involves the supply, installation and commissioning of Xponder devices and is classified under manufacturing. It is scheduled for executio...