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DIXON TECHNOLOGIES Gains 4%; BSE CONSUMER DURABLES Index Up 0.9%
Wed, 7 Aug 11:59

DIXON TECHNOLOGIES Gains 4%; BSE CONSUMER DURABLES Index Up 0.9%Image source: Nikada/www.istockphoto.com

DIXON TECHNOLOGIES share price has zoomed 4% and is presently trading at Rs 11,499.1.

Meanwhile, the BSE CONSUMER DURABLES index is at 58,346.0 (up 0.9%).

Among the top gainers in the BSE CONSUMER DURABLES index today are CROMPTON GREAVES CONSUMER ELEC. (up 3.6%) and ORIENT ELECTRIC (up 1.7%).

Blue Star (down 1.2%) and Titan (down 0.3%) are among the top losers today.

Over the last one year, DIXON TECHNOLOGIES has moved up from Rs 4,689.9 to Rs 11,499.1, registering a gain of Rs 6,809.3 (up 145.2%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,308.7 to 58,346.0, registering a gain of 37.9% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 145.2%), Blue Star (up 113.2%) and Voltas (up 78.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,245.2 (up 0.8%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 3.1%) and JSW Steel (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,226.2 (up 1.0%). ONGC and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,245.2, registering a gain of 13,291.7 points (up 20.2%).

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 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 159.0.


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