The company announced the board meet during trading hours today, 26 February 2009.
Meanwhile, the BSE Sensex was down 49.61 points, or 0.56%, to 8,852.95.
On BSE, 2,461 shares were traded in the counter. The stock had an average daily volume of 2,564 shares in the past one quarter.
The stock hit a high of Rs 37.20 and a low of Rs 37.20 so far during the day. The stock hit a 52-week high of Rs 84.80 on 30 April 2008 and a 52-week low of Rs 23 on 28 October 2008.
The small-cap stock had outperformed the market over the past one month till 25 February 2009, gaining 18.56% as compared to the Sensex's rise of 2.63%. It had also outperformed the market in the past one quarter, rising 40.67% as compared to the Sensex's 2.38% rise.
The company's current equity is Rs 5.15 crore. Face value per share is Rs 10.
The current price of Rs 37.20 discounts the company's Q3 December 2008 annualized EPS of Rs 1.17, by a PE multiple of 31.79.
The company had in 20 February 2009 bagged an order worth Rs 6.85 crore from the ministry of Defence, Government of India for supply of satellite communication products to coast guards.
Avantel's net profit declined 85.29% to Rs 0.15 crore on 4.45% fall in net sales to Rs 6.66 crore in Q3 December 2008 over Q2 September 2008.
The company is engaged in designing, developing and manufacturing components needed by the wireless industry.
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