Avantel LimitedNSE: AVANTEL

India's Avantel logs deepest-ever fall after Q2 profit slump

· Issued by Avantel Limited

** Shares of Avantel NSE:AVANTEL fall 12.4% to 166.9 rupees, their biggest-ever intraday-pct fall

** Satellite communication services provider's Q2 net profit plummets ~81% Y/Y, hurt by weakness in its communications segment; overall rev down ~28%

** Over 13.7 shares traded, over 2x the 30-day avg

** Stock up 14% YTD

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