Buy Avalon Technologies, target price Rs. 700: Prabhudas Leeladhar

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Buy Avalon Technologies, target price Rs.  700: Prabhudas Leeladhar

Prabhudas Leeladhar invested in Avalon Technologies at Rs. Bought with a target price of 700. The current market price of Avalon Technologies Ltd. is Rs. is 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 the general sector.

Avalon Technologies Ltd. Major products/revenue segments include Other Products, Printed Circuit Boards and Cables for the year ending 31-Mar-2023.

Financial
In the quarter ended 31-03-2024, the company posted Rs. 219.62 crore reported a consolidated total revenue, up from last quarter’s Rs. 216.42 crores higher than the total revenue of 1.47 % and -20.30 % lower than the total revenue of Rs.527 crores in the same quarter last year. . The company reported a net profit after tax of Rs 7.06 crore in the latest quarter.

Promoter/FII Holdings
Promoters held 50.91 per cent stake in the company as on 31-Mar-2024, while FIIs held 2.42 per cent, DIIs 22.47 per cent.

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