Dixon Technologies hit an all-time high of ₹16,580, marking a 4.90% rise in today’s trading session. This surge brings the company’s market capitalization to ₹93,927 crore. Over the past year, the stock has delivered an impressive 177.54% return, making it a top multibagger in the Indian electronics sector.
- Turnover: ₹15.77 crore
- Shares Traded: 9,653 on BSE
Key Drivers of Growth
- Google Pixel Smartphone Production:
Dixon’s subsidiary, Padget Electronics, has partnered with Compal Smart Device India Pvt Ltd to mass-produce Google Pixel smartphones for Google Information Services India Pvt Ltd. This collaboration positions Dixon as a key player in India’s electronics manufacturing sector. - Stellar Q2 FY24 Earnings:
- Net Profit: ₹412 crore (up 265% YoY)
- Revenue: ₹11,534 crore (up 133% YoY)
- EBITDA: ₹420 crore (up 110% YoY)
- Technological Edge:
Dixon’s state-of-the-art facilities and advanced manufacturing techniques enable it to deliver high-quality products for global markets.
Technical Indicators
- Relative Strength Index (RSI): 61.8 (neutral zone)
- Moving Averages: Stock trading above all key averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating bullish momentum.
Long-Term Multibagger Potential
| Time Period | Stock Returns |
|---|---|
| 1 Year | 177.54% |
| 2 Years | 277% |
| YTD 2024 | 156.13% |
Expert Insights
Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies, emphasized the significance of this partnership:
“This collaboration highlights India’s potential as a global electronics manufacturing hub. Through this launch, we aim to deliver cutting-edge products to both domestic and international markets.”
Investment Outlook
Dixon Technologies’ strong fundamentals and strategic partnerships make it a compelling choice for long-term investors. However, investors should remain mindful of potential risks such as market volatility and increased competition in the electronics sector.
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