Buy Avalon Technologies, target price Rs 680: Motilal Oswal

Avalon Technologies Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 3129.19 Crore) operating in General sector.

By ETMarkets.com | Nov 23, 2023, 10.59 AM IST

Promoters held 51.09 per cent stake in the company as of 30-Sep-2023, while FIIs owned 9.23 per cent, DIIs 16.28 per cent.

Motilal Oswal has buy call on Avalon Technologies Ltd. with a target price of Rs 680. The current market price of Avalon Technologies is Rs 477.35.

Avalon Technologies Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 3129.19 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 30-09-2023, the company reported a Consolidated Total Income of Rs 205.74 Crore, down -14.35 % from last quarter Total Income of Rs 240.21 Crore and down -16.68 % from last year same quarter Total Income of Rs 246.93 Crore. Company reported net profit after tax of Rs 7.28 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.09 per cent stake in the company as of 30-Sep-2023, while FIIs owned 9.23 per cent, DIIs 16.28 per cent.

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