With the company’s US operations now witnessing a healthy recovery and the Indian business experiencing growth, Motilal Oswal expects Avalon’s revenue and profitability to see healthy improvement.
Avalon is uniquely placed in the Indian electronics manufacturing services sector with its well-established manufacturing presence in the US.
(Photo Source: Company website)
Along with a favorable tariff environment for India, Avalon is supported by an increase in domestic demand, stable/improving demand from the US, a healthy client mix (domestic and exports), and a favorable manufacturing presence compared to its peers.