Stock Market Today, Feb. 25 -- Small-cap defence stock Avantel Ltd has risen 13% in 5 trading sessions post receiving order from ISRO's arm NewSpace India Limited.

The Defence, telecom and technology company Avantel Ltd in its release on 19 February informed the Exchanges regarding having received order from NewSpace India Limited.

An order for Rs.43.25 crore (taxes included) had been signed by Avantel Limited and NewSpace India Limited (NSIL). In order to improve security throughout India's coastal areas, the contract calls for the supply, installation, and commissioning of 45,252 Xponder devices, which will be installed on marine fishing vessels.

NewSpace India Limited, the commercial arm of the Indian Space Research Organisation (IS...