Dixon Technologies share price: Trending stocks: Dixon Technologies shares rise over 1%

Dixon Technologies share price: Trending stocks: Dixon Technologies shares rise over 1%

NEW DELHI: Shares of Dixon Technologies (India) Ltd. traded 1.04 per cent up in Friday’s trade at 11:06AM (IST). Around 2,408 shares changed hands on the counter.

The scrip opened at Rs 4901.0 and touched an intraday high and low of Rs 5098.35 and Rs 4855.0, respectively, in the session so far. The stock of Dixon Technologies (India) Ltd. quoted a 52-week high of Rs 5572.75 and a 52-week low of Rs 1830.9.

Total market cap of the Dixon Technologies (India) Ltd. stood at Rs 5827.82 crore at the time of writing this report.

The company, a electronics manufacturing services provider, reported a 66.84 per cent rise in its consolidated net profit to Rs 27.58 crore in the fourth quarter ended March 2020.

Key Financials

The company reported consolidated net sales of Rs 857.41 crore for the quarter ended 31-Mar-2020, down 13.72 per cent from previous quarter’s Rs 993.81 crore and down 0.16 per cent from the year-ago quarter’s Rs 858.82 crore.

The net profit for latest quarter stood at Rs 27.58 crore, up 66.85 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2020, DIIs held 22.19 per cent stake in the firm, while foreign institutional investors held 10.76 per cent and the promoters 36.17 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 48.36 and a price-to-book ratio of 15.08. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Dixon Technologies (India) Ltd. belongs to the Electronics/Electricals industry.

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