Avantel Limited is technology driven Company engaged
in the design, development and manufacturing of
electronic, communication, satellite communication
products/ services, software products & services
development and research & development activities. The
Company has developed Mobile Satellite Services based
products and UHF Systems and continue to offer
solutions for various applications and is looking for
growth in this segment by offering integrated solutions
for Airborne, Underwater platforms and special
operations. The Company is also developing Hybrid
Automatic Identification Systems for Coastal Surveillance
and also progressing on the development of satellite
based Real Time Train Tracking Information System for
the Indian Railways using MSS & GPRS
The company is delivering good results and the AR sounds quite optimistic.
The biggest reason Iâm interested in this is that the share price is somewhere close to 80 and the board has already approved buyback at Rs 90. Last year, they had approved a buyback at Rs 75. The promoters are also upping their stake in the company. This is an extremely strong indicator that the company sees âacche dinâ ahead.
This is a micro cap (mcap 33Cr) so itâs quite under-researched and itâs hard to find more info about this. Any insights would be appreciated.
http://www.screener.in/company/?q=532406
Disc: I have a long position in this stock.