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    Buy Dixon Technologies (India), target price Rs 5915: ICICI Direct

    Synopsis

    Dixon Technologies (India) Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 32946.80 Crore) operating in Consumer Durables sector.

    Buy
    Promoters held 34.93 per cent stake in the company as of 30-Sep-2021, while FIIs owned 18.41 per cent, DIIs 8.74 per cent.
    ICICI Direct has buy call on Dixon Technologies (India) with a target price of Rs 5915. The current market price of Dixon Technologies (India) is Rs 5627.

    Time period given by analyst is Intra Day when Dixon Technologies (India) Ltd. price can reach defined target.

    Dixon Technologies (India) Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 32946.80 Crore) operating in Consumer Durables sector.

    Dixon Technologies (India) Ltd. key Products/Revenue Segments include Domestic Appliances, Job Work, Rent, Service Charges, Export Incentives for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 2804.73 Crore, up 50.17 % from last quarter Total Income of Rs 1867.67 Crore and up 71.13 % from last year same quarter Total Income of Rs 1638.99 Crore. Company reported net profit after tax of Rs 62.64 Crore in latest quarter.

    Investment Rationale
    Breakout above a bullish flag like formation and RSI in buy mode

    Promoter/FII Holdings
    Promoters held 34.93 per cent stake in the company as of 30-Sep-2021, while FIIs owned 18.41 per cent, DIIs 8.74 per cent.



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    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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