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DIXON TECHNOLOGIES Gains 4%; BSE CONSUMER DURABLES Index Up 0.2%
Fri, 23 Aug 11:12

DIXON TECHNOLOGIES Gains 4%; BSE CONSUMER DURABLES Index Up 0.2%Image source: phive2015/www.istockphoto.com

DIXON TECHNOLOGIES share price has zoomed 4% and is presently trading at Rs 13,302.7.

Meanwhile, the BSE CONSUMER DURABLES index is at 63,301.3 (up 0.2%).

Among the top gainers in the BSE CONSUMER DURABLES index today are CROMPTON GREAVES CONSUMER ELEC. (up 0.9%) and AMBER ENTERPRISES INDIA (up 0.8%).

ORIENT ELECTRIC (down 1.0%) and Blue Star (down 0.7%) are among the top losers today.

Over the last one year, DIXON TECHNOLOGIES has moved up from Rs 4,892.8 to Rs 13,302.7, registering a gain of Rs 8,409.9 (up 171.9%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 43,590.0 to 63,301.3, registering a gain of 45.2% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 171.9%), Blue Star (up 131.5%) and Voltas (up 107.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,141.6 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 1.7%) and Sun Pharma (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,847.2 (up 0.1%). Bajaj Auto and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,141.6, registering a gain of 15,925.5 points (up 24.4%).

DIXON TECHNOLOGIES Financial Update...

DIXON TECHNOLOGIES net profit grew 106.1% YoY to Rs 1,323 million for the quarter ended June 2024, compared to a profit of Rs 642 million a year ago. Net sales rose 101.1% to Rs 65,798 million during the period as against Rs 32,715 million in April-June 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 183.9.


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