Buy Avalon Technologies, target price Rs 700: Prabhudas Lilladher
Avalon Technologies with a target price of Rs 700. The current market price of Avalon Technologies Ltd. is Rs 557.55.
Avalon Technologies Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 3650.67 Crore) operating in General sector.
Avalon Technologies Ltd. key Products/Revenue Segments include Other Products, Printed Circuit Boards and Cables for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 219.62 Crore, up 1.47 % from last quarter Total Income of Rs 216.42 Crore and down -20.30 % from last year same quarter Total Income of Rs 275.57 Crore. Company reported net profit after tax of Rs 7.06 Crore in latest quarter.
Promoter/FII Holdings Promoters held 50.91 per cent stake in the company as of 31-Mar-2024, while FIIs owned 2.42 per cent, DIIs 22.47 per cent.
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