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DIXON TECHNOLOGIES Plunges 6%; BSE CONSUMER DURABLES Index Down 2.0%
Fri, 19 Jul 15:25

DIXON TECHNOLOGIES Plunges 6%; BSE CONSUMER DURABLES Index Down 2.0%Image source: DNY59/www.istockphoto.com

DIXON TECHNOLOGIES share price has plunged 6% and is presently trading at Rs 11,244.1.

Meanwhile, the BSE CONSUMER DURABLES index is at 57,520.6 (down 2.0%).

Among the top losers in the BSE CONSUMER DURABLES index today are AMBER ENTERPRISES INDIA (down 5.1%) and Blue Star (down 3.6%).

ORIENT ELECTRIC (up 1.4%) is among the top gainers today.

Over the last one year, DIXON TECHNOLOGIES has moved up from Rs 4,333.1 to Rs 11,244.1, registering a gain of Rs 6,911.0 (up 159.5%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,838.6 to 57,520.6, registering a gain of 34.3% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 159.5%), Blue Star (up 106.9%) and Voltas (up 93.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,523.3 (down 1.0%).

The top losers among the BSE Sensex today are Tata Steel (down 5.2%) and JSW Steel (down 4.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,526.6 (down 1.1%). Tata Steel and BPCL are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,523.3, registering a gain of 13,933.3 points (up 20.9%).

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 184.5.


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