Avantel Ltd:-Buy/sell: multibagger

Scripscan:Avantel Ltd

BSE code:532406

cmp:49

Story:Established in 1990, Avantel Softech Limited (ASL) commenced activities like designing, developing and manufacturing components needed by the wireless industry. This was soon added to, with RF and Microwave sub-systems for Defence labs and leading PSUs. This was followed by a venture into Multi Access Rural Radio (MARR) systems for DoT. ASL also posses software development centre near Hyderabad and is expanding its infrastructure facilities including R&D test equipment for communication products, computing equipments and software. The company is also improving its communicative facilities to undertake major projects on a round the clock development basis for its overseas clients and to enhance the number of its software personnel so as to be able to undertake more number of projects.Avantel has been working closely with Defence labs, Defence public sector undertakings, ISRO and Defence services since its inception and could establish a technology base to develop critical subsystems and systems. Avantel’s focus areas are Electronic Warfare equipments in low intensity conflict like Jammers and Pre-initiators and satellite communication systems for Defence services. Avantel could successfully integrate multiple technologies in the areas of microwave products, digital signal processing and application software to offer customised solutions to Defence services.Avantel has developed new products for the mobile communications market and major orders are expected to flow during the coming years. It is also expecting prestigious orders from Defence establishments during the current year, which are likely to be continued for the next two years in the field of Electronic Warfare, RF / Microwave products and satellite communication.Avantel is also offering Satellite based services to meet the requirements of Defence services.The company is also expecting increase in the volume of exports during the current fiscal. Though the present numbers doesn’t look exciting now but its set to change dramatically in the coming yrs.The orders are expected to flow steadily too thus a sharp increase in topline and bottomline in the coming yrs.Also with defense sector getting top priority from the govt its of one’s easy assumtion that these kinda companies would benefit the most.Try to buy it at around 40 bucks.

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