Buy Avalon Technologies, target price Rs 610: Motilal Oswal

Motilal Oswal has buy call on Avalon Technologies with a target price of Rs 610. The current market price of Avalon Technologies Ltd. is Rs 519.5.

Avalon Technologies Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 3415.04 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 31-12-2023, the company reported a Consolidated Total Income of Rs 216.42 Crore, up 5.20 % from last quarter Total Income of Rs 205.74 Crore and down -7.48 % from last year same quarter Total Income of Rs 233.92 Crore. Company reported net profit after tax of Rs 6.58 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 50.97 per cent stake in the company as of 31-Dec-2023, while FIIs owned 5.7 per cent, DIIs 17.07 per cent.