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DIXON TECHNOLOGIES Gains 8%; BSE CONSUMER DURABLES Index Up 0.7%
Tue, 8 Oct 17:0

DIXON TECHNOLOGIES Gains 8%; BSE CONSUMER DURABLES Index Up 0.7%Image source: DNY59/www.istockphoto.com

DIXON TECHNOLOGIES share price has zoomed 8% and is presently trading at Rs 14,557.0.

Meanwhile, the BSE CONSUMER DURABLES index is at 65,071.1 (up 0.7%).

Among the top gainers in the BSE CONSUMER DURABLES index today are VAIBHAV GEMS (up 3.6%) and Voltas (up 2.5%).

Titan (down 2.4%) and Blue Star (down 1.4%) are among the top losers today.

Over the last one year, DIXON TECHNOLOGIES has moved up from Rs 5,213.6 to Rs 14,557.0, registering a gain of Rs 9,343.5 (up 179.2%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 45,437.7 to 65,071.1, registering a gain of 43.2% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 179.2%), Blue Star (up 116.5%) and Voltas (up 106.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,634.8 (up 0.7%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 4.8%) and M&M (up 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,013.2 . TATA STEEL 2% CCPS and Dr Reddy NCD1 are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,226.0 to 81,634.8, registering a gain of 16,408.8 points (up 25.2%).

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 2024, DIXON TECHNOLOGIES reported 47.0% increase in net profit to Rs 3,749 million compared to net profit of Rs 2,551 million during FY23. Revenue of the company grew 45.1% to Rs 176,909 million during FY24.

The current Price to earnings ratio of DIXON TECHNOLOGIES, based on rolling 12 month earnings, stands at 201.3.


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