Bengaluru, Sept. 25 -- The shares of the Defence company specializing in the business of designing, developing, and maintaining wireless and satellite communication products are in focus after securing two orders worth Rs. 12.77 crore from the Indian Navy and Bharat Electronics Limited.

With a market capitalization of Rs. 4,855.57 crores on Thursday, the shares of Avantel Limited jumped upto 0.74 percent, making a high of Rs. 188.15 per share compared to its previous closing price of Rs. 186.75 per share.

What Happened Avantel Limited, engaged in the business of designing, developing, and maintaining wireless and satellite communication products, has received two work orders, one from the Indian Navy and another from Bharat Electronics...