Avantel

Out of 45 lakh options allocated for ESOP, 3,895,300 options are active. It is mentioned in AR.

All defence and companies dealing with Govt will have lumpiness in revenues.

Yes, but their order book is ₹287 crore, which is higher than the previous year’s revenue. I would not expect a decline in growth of 25%, especially considering that the stock trades at nearly 90 times earnings.

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