AV Thomas Investor Update

18 July 2024

AV Thomas shares were recommended on July 3, 2024, at ₹20,900 per share, with a target price of ₹23,000 per share. As of today, July 18, 2024, the shares have risen to ₹24,200 per share, exceeding the target and achieving a return of 15.8% in less than a month.

Our next target is ₹32,000 per share. Investors should keep holding the stock for further gains.

Financial Highlights:

Parameters	FY22	FY23	FY24
Revenue (Cr)	992.41	1021.58	1094.6
y-o-y growth		2.9%	7.1%
Net Profit (Cr)	45.1	50.37	69.1
y-o-y growth		11.7%	37.2%

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