Avalon Technologies Limited experienced a trading boost of over 4%, reaching Rs 565 in the morning session on January 15.
This surge follows the company’s recent collaboration with the Centre for Development of Advanced Computing (C-DAC) under the ‘RUDRA’ program, focusing on the design and manufacturing of supercomputers in India.
Announced on January 12, the strategic partnership aims to enhance the indigenous manufacturing capabilities of High-Performance Computing (HPC) systems as part of the ‘RUDRA’ initiative.
At 10:38 am, the stock continued its positive trend, trading at Rs 561, reflecting a 3.6% increase from the previous close on the NSE. Over the past year, Avalon Technologies Limited has demonstrated a notable gain of 41%, outpacing Nifty’s 22% return during the same period.
