Avalon Technologies makes muted debut in market; opens 1% lower
Avalon Technologies' stock made its debut at Rs 431, a decline of 1.14 per cent from the issue price on the BSE. It further fell 5.43 per cent to Rs 412.30.
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Avalon Technologies' stock made its debut at Rs 431, a decline of 1.14 per cent from the issue price on the BSE. It further fell 5.43 per cent to Rs 412.30.
At the NSE, shares of the firm listed at par with the issue price at Rs 436. As the trade proceeded, the stock dipped 2.98 per cent to Rs 423.
Avalon is a fully integrated electronic manufacturing services (EMS) company, catering to global clients into clean energy, mobility, industrial domains
On the BSE, Avalon Technologies shares started trading at ₹431 apiece, a discount of 1.15 per cent to the issue price of ₹436
Weakness in the Avalon Technologies deepened as the session progressed and sentiments turned sour. The stock tested lows of Rs 387.75 on BSE, falling another 10 per cent.