Dixon Technologies is a prominent player in India’s home electronics manufacturing sector, specializing in mobile phones, televisions, and various consumer electronics. Currently, it stands as one of India’s largest LED TV manufacturers, attracting considerable attention from analysts regarding its pricing and future targets.
As of now, Dixon Technologies shares are trading at ₹15,746, reflecting a significant increase of 9.38%. Over the past year, the stock has provided a return of ₹174.18.
Information about Dixon Technologies Company
Founded in 1993 and based in Noida, Uttar Pradesh, Dixon Technologies offers contract manufacturing services for major brands, including Sony, Xiaomi, and Samsung. The company produces a wide array of electronics, focusing primarily on contract manufacturing.
Dixon Technologies Stock Performance
In recent years, Dixon’s shares have delivered impressive returns, boosting investor confidence. The company’s revenue and profits are growing rapidly, attributed to rising demand for home electronics and mobile manufacturing.
Annual Net Profit of Dixon Technologies
Dixon’s net profits have shown a commendable upward trend, reaching ₹375 crore in March 2024, with expectations of ₹746 crore in the upcoming financial year. This consistent growth illustrates the company’s strong financial performance.
Should You Invest in Dixon Technologies?
Given its robust financial health and growth prospects, Dixon Technologies presents a compelling investment opportunity for those willing to accept the inherent risks associated with the electronics sector.
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Summary at glance
Dixon Technologies, established in 1993 and based in Noida, India, is a prominent player in the electronics manufacturing sector, specializing in contract manufacturing for brands like Sony and Samsung. The company has seen significant stock performance, trading at Rs 15,746 with a 9.38% increase. Dixon’s revenue and profits are growing, with a net profit of Rs 375 crore expected for March 2024. Analysts project strong future share price growth, making it a potential multibagger investment.
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