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DIXON TECHNOLOGIES Plunges 4%; BSE CONSUMER DURABLES Index Up 2.1%
Tue, 23 Jul 14:39

DIXON TECHNOLOGIES Plunges 4%; BSE CONSUMER DURABLES Index Up 2.1%Image source: KanawatTH/www.istockphoto.com

DIXON TECHNOLOGIES share price has plunged 4% and is presently trading at Rs 10,937.5.

Meanwhile, the BSE CONSUMER DURABLES index is at 58,825.7 (up 2.1%).

Among the top losers in the BSE CONSUMER DURABLES index today are AMBER ENTERPRISES INDIA (down 2.4%) and Bajaj Electricals (down 2.1%).

RAJESH EXPORTS (up 6.7%) and Titan (up 6.7%) are among the top gainers today.

Over the last one year, DIXON TECHNOLOGIES has moved up from Rs 4,330.4 to Rs 10,937.5, registering a gain of Rs 6,607.1 (up 152.6%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,880.4 to 58,825.7, 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 152.6%), Blue Star (up 111.1%) and AMBER ENTERPRISES INDIA (up 89.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,452.7 (down 0.1%).

The top losers among the BSE Sensex today are L&T (down 3.5%) and Bajaj Finance (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,494.4 (down 0.1%). L&T and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,097.4 to 80,452.7, registering a gain of 13,355.2 points (up 19.9%).

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 179.5.


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