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AVALON TECHNOLOGIES Gains 14%; BSE CONSUMER DURABLES Index Down 1.0%
Thu, 7 Nov 11:8

AVALON TECHNOLOGIES Gains 14%; BSE CONSUMER DURABLES Index Down 1.0%Image source: StarLineArts/www.istockphoto.com

AVALON TECHNOLOGIES share price has zoomed 14% and is presently trading at Rs 671.1.

Meanwhile, the BSE CONSUMER DURABLES index is at 61,255.8 (down 1.0%).

Among the top gainers in the BSE CONSUMER DURABLES index today are RAJESH EXPORTS (up 1.1%) and Voltas (up 0.5%).

Blue Star (down 6.7%) and CROMPTON GREAVES CONSUMER ELEC. (down 2.4%) are among the top losers today.

Over the last one year, AVALON TECHNOLOGIES has moved up from Rs 503.6 to Rs 671.1, registering a gain of Rs 167.5 (up 33.3%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 45,127.4 to 61,255.8, registering a gain of 35.7% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 197.9%), Voltas (up 111.0%) and AMBER ENTERPRISES INDIA (up 85.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,640.4 (down 0.9%).

The top losers among the BSE Sensex today are Tech Mahindra (down 2.5%) and M&M (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,239.1 (down 1.0%). Hindalco and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,640.4, registering a gain of 14,681.7 points (up 22.6%).

AVALON TECHNOLOGIES Financial Update...

AVALON TECHNOLOGIES net profit grew 140.1% YoY to Rs 175 million for the quarter ended September 2024, compared to a profit of Rs 73 million a year ago. Net sales rose 36.8% to Rs 2,750 million during the period as against Rs 2,010 million in July-September 2023.

For the year ended March 2024, AVALON TECHNOLOGIES reported 46.7% decrease in net profit to Rs 280 million compared to net profit of Rs 525 million during FY23. Revenue of the company fell 8.2% to Rs 8,672 million during FY24.

The current Price to earnings ratio of AVALON TECHNOLOGIES, based on rolling 12 month earnings, stands at 154.0.


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