Buy Avalon Technologies, target price Rs 630: Motilal Oswal

Motilal Oswal has buy call on Avalon Technologies with a target price of Rs 630. The current market price of Avalon Technologies Ltd. is Rs 522.15.

Avalon Technologies Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 3449.30 Crore) operating in General sector.

Avalon Technologies Ltd. key Products/Revenue Segments include Printed Circuit Boards, Sale of services and Scrap for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 203.91 Crore, down -7.15 % from last quarter Total Income of Rs 219.62 Crore and down -15.11 % from last year same quarter Total Income of Rs 240.21 Crore. Company reported net profit after tax of Rs -2.31 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 50.87 per cent stake in the company as of 30-Jun-2024, while FIIs owned 2.56 per cent, DIIs 23.19 per cent.