AVALON TECHNOLOGIES share price has zoomed 4% and is presently trading at Rs 545.3.
Meanwhile, the BSE CONSUMER DURABLES index is at 65,600.4 (up 0.8%).
Among the top gainers in the BSE CONSUMER DURABLES index today are DIXON TECHNOLOGIES (up 1.3%) and CROMPTON GREAVES CONSUMER ELEC. (up 1.2%).
WHIRLPOOL OF INDIA (down 0.3%) and Bajaj Electricals (down 0.1%) are among the top losers today.
Over the last one year, AVALON TECHNOLOGIES has moved down from Rs 605.0 to Rs 545.3, registering a loss of Rs 59.8 (down 9.9%).
On the other hand, the BSE CONSUMER DURABLES index has moved up from 46,360.5 to 65,600.4, registering a gain of 41.5% during the last 12 months.
The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 148.5%), Blue Star (up 123.5%) and Voltas (up 103.6%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 81,814.5 (up 0.4%).
The top gainers among the BSE Sensex today are Tata Steel (up 1.9%) and MUNDRA PORT & SEZ (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 25,045.8 (up 0.5%). Tata Steel and MUNDRA PORT & SEZ are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,814.5, registering a gain of 14,687.5 points (up 21.9%).
AVALON TECHNOLOGIES net profit fell 132.6% YoY to Rs -23 million for the quarter ended June 2024, compared to a profit of Rs 71 million a year ago. Net sales declined 15.2% to Rs 1,995 million during the period as against Rs 2,351 million in April-June 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 193.3.
Equitymaster requests your view! Post a comment on "AVALON TECHNOLOGIES Gains 4%; BSE CONSUMER DURABLES Index Up 0.8%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!