Multibagger Stock: This share made investors rich, 390% return in 1 year, made 4.90 lakhs from 1 lakh – small cap share avantel limited delivered multibagger returns
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In the recently ended quarter Q1FY24, the company’s net profit on a consolidated basis grew by 82.86 per cent. This took it to Rs 8.01 crore in the first quarter. It was Rs 4.38 crore in the same period a year ago. The company’s total income in the first quarter grew by 155.47 per cent to Rs 68.95 crore. 26.99 crore in the same period a year ago.
Avantel Limited engages in the design and development of products based on high-power broadband wireless, satellite communications and broadband access technologies. Wireless products are designed, developed and integrated using standard software tools.
Today the stock opened at Rs.241. It went as high as Rs 259.95 and as low as Rs 241 in early trade. The stock was seen trading at Rs 254, up 8.04 per cent.
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