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DIXON TECHNOLOGIES Gains 6%; BSE CONSUMER DURABLES Index Up 0.5%
Mon, 16 Sep 13:35

DIXON TECHNOLOGIES Gains 6%; BSE CONSUMER DURABLES Index Up 0.5%Image source: DNY59/www.istockphoto.com

DIXON TECHNOLOGIES share price has zoomed 6% and is presently trading at Rs 13,765.0.

Meanwhile, the BSE CONSUMER DURABLES index is at 67,090.5 (up 0.5%).

Among the top gainers in the BSE CONSUMER DURABLES index today are Blue Star (up 2.2%) and RAJESH EXPORTS (up 0.2%).

AMBER ENTERPRISES INDIA (down 2.8%) and WHIRLPOOL OF INDIA (down 1.2%) are among the top losers today.

Over the last one year, DIXON TECHNOLOGIES has moved up from Rs 5,046.4 to Rs 13,765.0, registering a gain of Rs 8,718.6 (up 172.8%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 45,510.1 to 67,090.5, registering a gain of 47.4% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 172.8%), Blue Star (up 147.4%) and Voltas (up 118.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,023.8 (up 0.2%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.1%) and NTPC (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,398.0 (up 0.2%). JSW Steel and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,221.1 to 83,023.8, registering a gain of 15,802.7 points (up 23.5%).

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 190.3.


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