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Avantel Surges 8% on Order Win; Macquarie Neutral on Angel One Amid Market Dip
M
Moneycontrol•24-09-2026, 10:29
Avantel Surges 8% on Order Win; Macquarie Neutral on Angel One Amid Market Dip
- •Avantel shares jumped 8% after securing a Rs 177.35 crore order from Zetwerk Manufacturing for satellite communication equipment.
- •Bharat Dynamics saw a 1% rise following a Rs 810.79 crore contract with the Ministry of Defence to supply Satellite Smart Anti-Airfield Weapons to the Indian Air Force.
- •Angel One shares dropped nearly 2% after Macquarie initiated a 'Neutral' rating with a target price of ’285/share, citing digital transformation potential but also risks from competition and high earnings sensitivity to trading volumes and float income.
- •Exide Industries traded higher as its subsidiary, Exide Energy Solutions, completed Phase-I commissioning of its 6 GWh lithium-ion cell manufacturing facility in Bengaluru.
- •Broader markets were weak, with all sectoral indices in the red; the Nifty Midcap 100 fell 1.1% and the Nifty Smallcap 100 shed 0.8%.
Key Questions Answered
Avantel shares surged 8% after the company received a significant order worth Rs 177.35 crore from Zetwerk Manufacturing's business for supplying satellite communication equipment.
Macquarie initiated a 'Neutral' rating on Angel One with a target price of Rs 285 per share, noting challenges such as high earnings sensitivity to trading volumes and rising competition.
Exide Energy Solutions completed the commissioning of Phase-I of its 6 GWh lithium-ion cell manufacturing facility in Devanahalli, Bengaluru, to serve mobility and energy storage applications.
