This Hyderabad based Satellite and Telecom equipment manufacturer reported good performance for the latest December quarter. Its posted a turnover of Rs.12 Cr v/s Rs.3 Cr and a net profit of Rs.3 Cr v/s Rs.1 Cr .AVANTEL's products are used in Telecommunication,Defense and Aeronautics sectors.In recent past company was in news on its supply of P-8I Mobile Satellite Service System to Boeing . Successful execution of this prestigious order is expected to bring more business for this niche company in future.Recently company concluded a share buy back program at a maximum price of Rs.70/-.It is expected to re rate based on the good performance .Long term prospects depends on its ability to secure more orders going forward .Current market price is Rs.62.50/-
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