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DIXON TECHNOLOGIES Plunges 2%; BSE CONSUMER DURABLES Index Down 0.7%
Thu, 18 Jul 9:28

DIXON TECHNOLOGIES Plunges 2%; BSE CONSUMER DURABLES Index Down 0.7%Image source: phive2015/www.istockphoto.com

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%).

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What About the Benchmark Indices?

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 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 201.1.


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