On Tuesday, the second trading day of the week, there was a sell-off in the Indian stock market. Even in this sell-off environment, there are many such companies whose shares have seen great buying. One such share is Avantel Limited. There was so much buying in the company’s stock that upper circuit was hit on Tuesday.
What’s the matter: In fact, Avantel Limited has received an order of Rs 125.68 crore for the implementation of RTIS Phase – 2 (Real Time Train Information System). Under this order, the company will supply loco equipment. The effect of the news was that the buying of shares of Avantel Limited increased. Due to this, the stock also hit an upper circuit.
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What is the share price: Talking about the share of Avantel Limited on the BSE index, its price rose by 19.99 percent to Rs 892.40. The share price has increased by Rs 148.70 as compared to a day earlier. On October 19, 2021, the company’s share price was at Rs 949, which is the highest level of 52 weeks. From this perspective, there has been a recovery in the stock.
Let us tell you that on the last trading day of February this year, the share price was at the level of Rs 700. Comparing on this basis, so far in the month of March alone, investors have made a profit of more than Rs 190 per share.
Meaning of RTIS: Through Real Time Train Information System ie RTIS, train movement information, train status information is easily available. Railways has connected several trains with the satellite based Real Time Train Information System (RTIS) of the Indian Space Research Organization (ISRO). Because of this, passengers get the location of trains in real time.