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DIXON TECHNOLOGIES Plunges 3%; BSE CONSUMER DURABLES Index Down 0.5%
Thu, 1 Aug 15:46

DIXON TECHNOLOGIES Plunges 3%; BSE CONSUMER DURABLES Index Down 0.5%Image source: ipopba/www.istockphoto.com

DIXON TECHNOLOGIES share price has plunged 3% and is presently trading at Rs 11,712.0.

Meanwhile, the BSE CONSUMER DURABLES index is at 60,601.3 (down 0.5%).

Among the top losers in the BSE CONSUMER DURABLES index today are ORIENT ELECTRIC (down 2.0%) and RAJESH EXPORTS (down 1.9%).

Blue Star (up 2.0%) and Bajaj Electricals (up 0.8%) are among the top gainers today.

Over the last one year, DIXON TECHNOLOGIES has moved up from Rs 4,126.8 to Rs 11,712.0, registering a gain of Rs 7,585.3 (up 183.8%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,752.5 to 60,601.3, registering a gain of 41.7% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 183.8%), Blue Star (up 124.5%) and Voltas (up 96.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,867.6 (up 0.2%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.8%) and HDFC Bank (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Power Grid Corp..

In the meantime, NSE Nifty is at 25,006.0 (up 0.2%). Power Grid Corp. and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,867.6, registering a gain of 15,339.9 points (up 23.1%).

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 161.9.


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