Avalon Technologies

** 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)

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Feb 4 (Reuters) - Avalon Technologies Ltd AVAL.NS:

• AVALON TECHNOLOGIES LTD - DEC-QUARTER CONSOL NET PROFIT 326 MILLION RUPEES; CONSOL REVENUE FROM OPERATIONS 4.18 BILLION RUPEES

Source text: ID:nNSEb3HWks

Further company coverage: AVAL.NS

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** Shares of Avalon Technologies AVAL.NS rise 3.2% to 883 rupees

** Electronics manufacturer posts a consol net profit of 142.1 million rupees ($1.62 million) in June-qtr, compared to a loss of 23 million rupees a year ago

** J.P.Morgan says Q1 results a sharp beat on revenue and margins

** Adds 62% Y/Y revenue growth, 20% above consensus; EBITDA margin expands 700bps Y/Y to 9.2%, beating estimates by 60bps

** More than 1.1 mln shares change hands, 4.6x of 30-day avg

** AVAL rated "hold" by 14 analysts on average; median target price is 927 rupees – data compiled by LSEG

** Stock down 11% YTD

($1 = 87.7000 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

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April 10 (Reuters) - Avalon Technologies Ltd AVAL.NS:

• AVALON TECHNOLOGIES LTD - APPROVES INVESTMENT IN ZEPCO TECHNOLOGIES

Source text: ID:nBSE9y2xgB

Further company coverage: AVAL.NS

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Feb 5 (Reuters) - Avalon Technologies Ltd AVAL.NS:

• DEC-QUARTER CONSOL NET PROFIT 239.9 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.81 BILLION RUPEES

Source text: ID:nBSE3ZSfcW

Further company coverage: AVAL.NS

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Nov 4 (Reuters) - Avalon Technologies Ltd AVAL.NS:

• HDFC MUTUAL FUND ACQUIRED 2.05% STAKE IN CO VIA OPEN MARKET

Source text: ID:nBSE3yHK9L

Further company coverage: AVAL.NS

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Feb 1 (Reuters) - Avalon Technologies Ltd AVAL.NS:

• AVALON TECHNOLOGIES LTD DEC-QUARTER CONSOL NET PROFIT 65.8 MILLION RUPEES VERSUS 57.3 MILLION RUPEES

• AVALON TECHNOLOGIES LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.14 BILLION RUPEES VERSUS 2.33 BILLION RUPEES

Source text for Eikon: ID:nBSE4Nqgxf

Further company coverage: AVAL.NS

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** Shares of Avalon Technologies Ltd AVAL.NS rise as much as 4.3% to 565 rupees

** The electronic manufacturing services co on Friday said it entered into an agreement with Centre for Development of Advanced Computing (C-DAC) for indigenously manufactured high-performance computing servers

** Stock trading above its 100-, 50-day simple moving avg since Dec 21, 2023

** Avalon on track to rise for third straight month

** Four of 7 brokerages rate the stock "buy" and the rest "strong buy"; their median PT is 580 rupees, slightly above session's high - LSEG data

** Avalon stock gained ~38% in 2023 since its listing in April

(Reporting by Meenakshi Maidas in Bengaluru)

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** India's domestic electronics industry is at an inflection point, says domestic brokerage Motilal Oswal and initiates coverage on five companies

** Motilal assigns "buy" to Kaynes Technologies KAYN.NS, Avalon Technologies AVAL.NS, Syrma SGS Technology SYRM.NS, Cyient DLM CYIT.NS and "neutral" to Data Patterns DATP.NS

** Adds electronics market evolving rapidly with the onset of electric vehicles (EVs), clearn energy, artificial intelligence and Internet of Things

** India's EMS industry's growth to be led by easy availability of low-cost labour and indigenization of raw materials - Motilal Oswal

** Believes EMS to be a sunrise sector in India propelled by government's PLI support to electronics ecosystem, China + 1 shift

** Shares of KAYN, AVAL, SYRM and CYIT, up between 0.2% and 1%; DATP down 2%

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

U.S. stock index futures were subdued on Friday as investors awaited producer prices data that could offer more clarity on the Federal Reserve's rate hike path..N

At 7:35 ET, Dow e-minis 1YMc1 were up 0.04% at 35,264. S&P 500 e-minis ESc1 were down 0.02% at 4,485, while Nasdaq 100 e-minis NQc1 were down 0.09% at 15,187.

The top three NYSE percentage gainers premarket .PRPG.NQ:
** Archer Aviation Ord ACHR.N up 23.3%
** Wework Inc Ord WE.N up 21.1%
** Uphealth Inc Ord UPH.N up 13.8%

The top three NYSE percentage losers premarket .PRPL.NQ:
** Cano Health A Ord CANO.N, down 43.9%
** GRUPO AVAL ACCIONES Y VALORES GAA.CN down 8.3%
** Velo 3d Inc Ord VLD.N down 6.6%

The top two Nasdaq percentage gainers premarket .PRPG.O:
** Amyris Inc , up 46.9%
** Eton Pharmaceuticals ETON.O , up 32.3%

The top two Nasdaq percentage losers premarket .PRPL.O:
** Yield10 Bioscience Inc , down 48.5%
** Maxeon Solar Technologies Ltd , down 25.8%


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BUZZ - Down on Raymond James triple downgrade nL4N39S1J6

** Cano Health Inc CANO.N: down 43.9% premarket
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** Pagaya Technologies Ltd PGY.O: up 16.5% premarket
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** Alibaba.com Ltd BABA.N: down 2.0% premarket ** JD.com Inc JD.O: down 3.5% premarket ** Pinduoduo Inc PDD.O: down 3.2% premarket

** Bilibili Inc BILI.O: down 2.7% premarket
BUZZ - China ADRs fall on disappointment in stimulus measures nL4N39S1ZB

** IonQ Inc IONQ.N: up 7.7% premarket
BUZZ - Gains on annual revenue forecast raise, Q2 beat nL4N39S24K

** Semler Scientific Inc SMLR.O: up 18.4% premarket
BUZZ - Jumps on Q2 results beat nL4N39S26Q

** Wolverine World Wide Inc WWW.N: down 1.9% premarket
BUZZ - Brokerage downgrades Wolverine World Wide on low operating margin confidence nL4N39S24X

** MercadoLibre Inc MELI.O: down 2.0% premarket
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** Plus Therapeutics Inc PSTV.O: up 6.6% premarket
BUZZ - Jumps as FDA backs cancer therapy study nL4N39S2A4

(Compiled by Rajarshi Roy and Zaheer Kachwala)

(([email protected];[email protected]))

** Shares of Avalon Technologies Ltd AVAL.NS rise as much as 6.5% to record high of 449 rupees since its trading debut on April 18

** Electronic manufacturing services firm posts over 2x jump in consolidated profit of 227.08 million rupees ($2.75 million) for the March-quarter

** Revenue from operations jumped 29.6% to 2.72 billion rupees from a year ago

** This is also AVAL's biggest intraday pct gain since its debut

** About 806,719 shares change hands by 12:55 p.m. IST, 1.9x the 30-day avg of 433,507 shares - Refinitiv data

** Stock last up 1.2%, gains of 14.3% in May so far

($1 = 82.6261 Indian rupees)

(Reporting by Priya Sagar in Bengaluru)

(([email protected]))

BENGALURU, April 18 (Reuters) - Shares of Indian electronic manufacturing services firm Avalon Technologies AVAL.NS fell as much as 8.5% in the early hours of their trading debut on Tuesday, underscoring weak investor interest in a volatile capital market.

Avalon, which operates in the clean energy, mobility, communication and industrial segments, opened flat at 436 rupees. It was trading at 402.60 rupees as of 12:06 p.m. IST, giving it a market valuation of 26.29 billion rupees.

Both the benchmark indexes, the Nifty 50 .NSEI and the S&P BSE Sensex .BSESN, were down on Tuesday, falling 0.19% and 0.21%, respectively.

The Nifty 50 has fallen 2.2% so far this year.

Avalon's 11.5 million shares on offer were oversubscribed 1.36 times, according to data from the National Stock Exchange (NSE).

Its initial public offering (IPO) consisted of a fresh issue of shares worth 3.2 billion rupees and an offer for the sale of shares worth 5.45 billion rupees.

The company had reduced the size of its IPO to 8.65 billion rupees ($105.40 million) from 10.25 billion rupees due to pre-IPO placements, according to its prospectus.

Avalon did not immediately respond to Reuters' query on the reduced offer size.

The listing comes even as several companies put the brakes on their IPO plans earlier this year in the face of turbulent stock market conditions in recent days due to recession worries and fears about banks' financial health.

Personal care products startup Mamaearth put its IPO on hold while apparel retailer Fabindia and jeweller Joyalukkas withdrew their IPO.

($1 = 82.0650 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Janane Venkatraman )

(([email protected]; https://twitter.com/ramavenkat0607;))