Avalon Technologies shares hit upper circuit on US trade deal
Business
Avalon Technologies's shares were locked in a 20% upper circuit on Tuesday, February 3, 2026, after a new trade deal between India and the US was announced on Monday night that's set to shake things up for exporters.
The deal slashes export tariffs to the US
The deal slashes export tariffs to the US from 50% down to 18%, which is huge since the US brings in 61% of Avalon's revenue.
Investors are excited because this could mean bigger profits ahead—especially with Avalon's strong US presence and recent 52% revenue growth from that market.
Avalon's stock has already climbed over 26% in the past year
Avalon's stock has risen about 51% over the last 12 months and mutual funds now own nearly 22% of it.
With Q3 results around the corner, all eyes are on how much more momentum this company can build.