India's Avalon Technologies gains after fourth-quarter profit jump

Avalon Technologies

07/05/2026 07:54

** Shares of India's Avalon Technologies AVAL.NS up 9.58% at 1,260.3 rupees

** Stock hits its highest intraday pct gain since February 3

** The electronics manufacturer posted a profit of 412 million rupees ($4.35 million) in fourth quarter, up ~70% Y/Y

** Revenue from operations up about 40% to 4.8 billion rupees in Q4

** Trading vols of 2.3 million shares vs 30 day avg of 229,500 shares

** AVAL rated "hold" on avg by 14 analysts; median PT is 1,125 rupees, per LSEG-compiled data

** YTD, stock up 30.94%

   ($1 = 94.7525 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))