Share Market News: This Defence Manufacturer Company’s Shares Gave 1000% Return!!

30 Sep, 2023 Author: Ayushee Joshi

Business News: Avantel, an integrated technology firm, has earned a massive return during the previous decade. From a trading price of Rs 2.25 each 10 years ago, the stock has increased by 9588% to its present high of Rs 218. Avantel manufactures wireless front end, satellite communication, embedded systems, signal processing, network management, software development, and customer support services linked to rendering.

What It Means for the Investors?

In proper context, if an investor had invested one lakh rupees in these shares a decade ago and held them till now, their investment would have grown to a surprising Rs 97 lakh. The highlight year was CY14 when it provided a staggering 226% return. This was followed by 107% returns in CY21 and 116% returns in CY22. Avantel’s stock has increased by an amazing 180% in the current year, rising from Rs 77.80 to Rs 218.