Avalon Teknoloji hisseleri toplam blok işleminden sonra düşüş kaydetti: 883 crore değerinde işlem

Kısaca

Avalon Teknoloji hisseleri gün içinde %6’lık düşüş kaydetti; blok işleminde toplam 40,5 lakh hisse el değişti (yaklaşık 6,06% pay). İtibari olarak toplam değer 883 crore olarak işlem gördü; üç promoter varlığı satış yapıyor olabilir. Piyasalar Nomura’nın hedef fiyat artışı ve JV haberlerini değerlendirirken bu haberleri izlemeye devam edecek.

Ana mesele

Avalon Teknoloji hisseleri, BSE’de 883 crore değerinde blok işleminden sonra %6’ya kadar düştü.

Ne değişti?

Blok işlemi toplam 6,06 yüzde hisseyi kapsıyor ve üç promoter varlığı satış yapıyor olabilir.

Beni nasıl etkiler?

Yatırımcılar için kısa vadede baskı ve volatilite olası; piyasa haber akışı nedeni ile dikkatli olunmalı.

Ne oldu?

BSE’de Avalon Teknoloji hisseleri, 883 crore değerindeki blok işleminden sonra düşüş yaşadı; yaklaşık 40,5 lakh hisse el değiştirdi.

Neden şimdi?

Bloğun büyüklüğü ve üç promoter varlığının olası satışı, kısa vadeli satış baskısını tetikledi.

Neden önemli?

Hisse sahibi ve yatırımcı güvenini etkileyebilir; diğer EMS şirketleri için de emsal oluşturabilir.

Kimler etkileniyor?

• Yatırımcılar
• Hissedarlar

Sektör ve piyasa etkisi

EMS ve elektronik üretim hizmetleri sektörü üzerinde kısa vadeli baskı ihtimali

Riskler

• Fiyat dalgalanmaları
• İlgili hisselerde kısa vadeli satış baskısı

Takip edilmesi gerekenler

• blok işlemine ilişkin resmi bildirimler
• Promoter satışlarına dair süre dolum haberleri

Haberin tamamı

Shares of EMS player Avalon Technologies dropped as much as 6% to their day’s low of Rs 2,171 on the BSE on Wednesday following a large block worth Rs 883 crore on the bourses.Around 40.5 lakh shares, equivalent to 6.06% of Avalon Technologies’ total equity, changed hands in the block trade.

The shares were transacted at an average price of Rs 2,181 apiece, totalling Rs 883 crore, according to available data.Media reports claimed that three promoter entities were selling up to 6% of Avalon Technologies’ existing outstanding equity through block deals, with the transaction estimated to be worth between Rs 861.9 crore and Rs 922 crore.The sellers are Bhaskar Srinivasan, BBS Family Trust and KBS Family Trust, according to reports.

The indicative price range for the deal was set at Rs 2,150 to Rs 2,302 per share. The sellers will be subject to a 180-day lock-up period on any further share sale.As of the end of the June quarter, promoter entities collectively owned a 44.39% stake in Avalon Technologies. Bhaskar Srinivasan held 9.39%, while BBS Family Trust and KBS Family Trust each owned 3.02%, according to stock exchange data.

Public shareholders accounted for the remaining 55.61% stake in the company, the exchange data showed.Nomura on Avalon Tech sharesEarlier this month, Japanese brokerage Nomura raised its target price on the stock to Rs 2,767 from Rs 2,211 and maintained its Buy rating.

The revised target implies 23% upside from current levels.Nomura said Avalon entered a joint venture with Zollner Elektronic AG, an unlisted leading European electronics manufacturing services (EMS) company, for PCBA, box-build and system integration manufacturing in India. The JV intends to serve customers across geographies and sectors including healthcare and life sciences, test and measurement, rail and other industrial verticals.Zollner will initially hold a 51% stake in the JV.

However, three years after commercial production starts, Avalon will have an option to acquire an additional 2% stake, subject to certain conditions, which would make it the majority shareholder with a 51% stake in the JV.For Avalon, Nomura said the partnership adds global customers, supports expansion into Europe and helps the company enter two new verticals—healthcare and life sciences, and test and measurement—which are characterised by high-complexity manufacturing and long lifecycle products.Also read: Nifty nears longest losing streak in 25 years.

Can bulls stop the 8th consecutive weekly selloff?Nomura maintained its target P/E multiple of 45x and rolled forward its valuation to December 2027F from September 2027F earlier, resulting in the higher target price of Rs 2,767, implying 23% upside from current levels.

The brokerage said the stock is currently trading at 35x FY29F EPS, which it says is attractive given the positive growth prospects.Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication.

The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.

Kaynaklar

• Economic Times - Markets