BEL order lifts Avantel; stock has gained 36% in one month
Telecom equipment manufacturer Avantel has been on a strong run lately. The stock has advanced in four of the past five sessions, rising nearly 10% during this period. On Thursday, the stock reversed early losses to gain as much as 4% after securing a purchase order from Bharat Electronics (BEL). It's the fourth order win for the company in September.