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DIXON TECHNOLOGIES Gains 3%; BSE CONSUMER DURABLES Index Down 0.7%
Mon, 29 Jul 14:43

DIXON TECHNOLOGIES Gains 3%; BSE CONSUMER DURABLES Index Down 0.7%Image source: Sefa Ozel/www.istockphoto.com

DIXON TECHNOLOGIES share price has zoomed 3% and is presently trading at Rs 11,632.5.

Meanwhile, the BSE CONSUMER DURABLES index is at 59,793.2 (down 0.7%).

Among the top gainers in the BSE CONSUMER DURABLES index today are WHIRLPOOL OF INDIA (up 4.4%) and Voltas (up 1.9%).

CROMPTON GREAVES CONSUMER ELEC. (down 3.3%) and Titan (down 2.6%) are among the top losers today.

Over the last one year, DIXON TECHNOLOGIES has moved up from Rs 4,114.0 to Rs 11,632.5, registering a gain of Rs 7,518.6 (up 182.8%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,568.7 to 59,793.2, registering a gain of 40.5% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 182.8%), Blue Star (up 121.8%) and Voltas (up 98.0%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,328.5 .

The top losers among the BSE Sensex today are Titan (down 2.6%) and Bharti Airtel (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,831.2 . Titan and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,328.5, registering a gain of 14,972.8 points (up 22.6%).

DIXON TECHNOLOGIES Financial Update...

DIXON TECHNOLOGIES net profit grew 19.5% YoY to Rs 945 million for the quarter ended March 2024, compared to a profit of Rs 790 million a year ago. Net sales rose 52.0% to Rs 46,580 million during the period as against Rs 30,655 million in January-March 2023.

For the year ended March 2023, DIXON TECHNOLOGIES reported 34.0% increase in net profit to Rs 2,551 million compared to net profit of Rs 1,903 million during FY22. Revenue of the company grew 14.0% to Rs 121,920 million during FY23.

The current Price to earnings ratio of DIXON TECHNOLOGIES, based on rolling 12 month earnings, stands at 190.9.


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