DIXON TECHNOLOGIES share price has plunged 2% and is presently trading at Rs 12,257.3.
Meanwhile, the BSE CONSUMER DURABLES index is at 58,772.2 (down 0.7%).
Among the top losers in the BSE CONSUMER DURABLES index today are Bajaj Electricals (down 2.0%) and CROMPTON GREAVES CONSUMER ELEC. (down 1.9%).
ORIENT ELECTRIC (up 0.8%) and WHIRLPOOL OF INDIA (up 0.3%) are among the top gainers today.
Over the last one year, DIXON TECHNOLOGIES has moved up from Rs 4,333.1 to Rs 12,257.3, registering a gain of Rs 7,924.2 (up 182.9%).
On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,838.6 to 58,772.2, registering a gain of 37.2% during the last 12 months.
The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 182.9%), Blue Star (up 118.0%) and AMBER ENTERPRISES INDIA (up 104.5%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 80,609.7 (down 0.1%).
The top losers among the BSE Sensex today are Asian Paints (down 2.5%) and Tata Steel (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.
In the meantime, NSE Nifty is at 24,542.6 (down 0.3%). Bajaj Auto and Asian Paints are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,609.7, registering a gain of 14,019.8 points (up 21.1%).
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 201.1.
Equitymaster requests your view! Post a comment on "DIXON TECHNOLOGIES Plunges 2%; BSE CONSUMER DURABLES Index Down 0.7%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!