Avalon Technologies & SYRMA Hits Fresh All-Time High

Semiconductor stocks gained as SEMICON India 2026 highlighted India's chip ambitions. Avalon Technologies hit a fresh all-time high. Semiconductor and electronics manufacturing stocks witnessed strong buying interest on Friday, September 18, as SEMICON India 2026 Day 2 kept the sector in the spotlight. Avalon Technologies

emerged as one of the key gainers, rising as much as 17.40% intraday before closing 13.8% higher at ₹2,537.70. The stock also touched a fresh all-time high of ₹2,618 during the session and has gained approximately 188.74% in CY 2026. Syrma SGS closed 6.87% higher, while Kaynes Technology and Dixon Technologies pared some of their earlier gains after witnessing buying interest during the trading session. India's semiconductor push received further attention after the government announced a fresh $13.4 billion semiconductor fund in July, aimed at strengthening domestic chip manufacturing capabilities. The initiative builds on the earlier $10 billion incentive programme, which has supported semiconductor projects involving companies such as Tata Group and Micron Technology. From a technical perspective, Avalon Technologies has entered uncharted territory after recording a fresh all-time high. The strong rally reflects sustained buying interest and positive momentum. Following the recent upmove, ₹1,980 may act as the immediate support level, while ₹1,800 remains a key support zone. As long as the stock sustains above these levels, the broader trend remains positive. Disclosure: Neither I nor my family members hold any position in the mentioned scrip. This content is shared solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell.