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The stock of Avalon Technologies, a company in the electrical equipment sector, closed above the level of 790 with a gain of 12 percent on Friday. The stock is witnessing a steady rise. Earlier on November 7, the stock had registered a gain of up to 19 percent during trading. This rise in the stock was seen after the release of the company's results. The company's performance has been better than market estimates in almost every segment. The company's profit has increased from Rs 7.2 crore to Rs 17.4 crore compared to last year. At the same time, the operating revenue has increased by 37 percent.
Motilal Oswal has advised to invest in the stock with a target of 920. Even after the continuous growth, a return of more than 16 percent is expected from here.
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