DIXON TECHNOLOGIES SEES SURGE IN STOCK PRICE FOLLOWING STELLAR EARNINGS REPORT

Mumbai: Shares of Dixon Technologies India Ltd witnessed a significant jump of 1.87% in its stock price on Monday, closing at Rs 17,554 on Bombery and Stock Exchange (BSE) after the company reported a substantial rise in earnings for the quarter ended December 2024.

The market capitalization of the company stood at a impressive Rs 1.05 lakh crore, with the total turnover amounting to Rs 29.85 crore during the day as 0.17 lakh shares changed hands on BSE.

Analyzing its technicals, Dixon Technologies India Ltd was observed to be trading in a healthy zone, with the Relative Strength Index (RSI) at 53.5, indicating that it is neither overbought nor oversold. The company's shares were seen trading higher than its 5-day, 20-day, 30-day, 50-day, 100-day and 200-day moving averages.

The Q3 earnings report revealed a stunning 124% year-on-year increase in net profit to Rs 217 crore, compared to the profit of Rs 97 crore reported during the same period last fiscal. Revenue surged by 117% to touch Rs 10,461 crore in the quarter ended December 2024.

Revenue after depreciation (EBITDA) more than doubled to Rs 398 crore for Dixon Technologies India Ltd, further indicating a substantial growth momentum. The company's products and solutions are widely used in various markets such as consumer durables, lighting, and mobile phones.

Headquartered at Gurugram(Haryana),Dixon technologies(India) Private Limited is considered largest design-focused and contract manufacturing Company of india