Dixon share price

Electronics manufacturing services firm Dixon Technologies fell over 18 percent on January 27 morning after the company cut its FY23 revenue guidance to Rs ...

The company's consumer electronics segment revenue fell 39 percent YoY to Rs 864 crore. Lighting products' revenue also fell 39 percent YoY to Rs 263 crore. Foreign brokerage firm Credit Suisse has downgraded the stock to "neutral" with the target cut to Rs 3,300 from Rs 4,500 a share. There is a likelihood of FY24 revenue guidance to be lowered from Rs 19,000 crore." Speaking to CNBC-TV18, group CFO Saurabh Gupta said, "We have lowered our guidance primarily due to a slowdown in the mobile business. Operating margins improved from 3.4 percent to 4.7 percent.

कौनसे शेयर है आज के Stock Of The Day? Dixon Tech में आज क्या करें? TataMotors , Dr Reddy's और Cipla के नतीजे कैसे ...

Most brokerages appear cautious about the stock at this point and after the Q3 results, their reports have come mixed.

These do not represent the views of MintGenie. Patel said at the current juncture, it is taking support near its historical levels of ₹2,600-2,700. (refer to the chart given below). Brokerage firm Nirmal Bang has tweaked its estimates and maintained an ‘accumulate’ rating on Dixon with a revised target price of ₹3,710 from ₹4,600 earlier, based on 45 times Sept’24E earnings versus 48 times Sept’24E earnings earlier. The brokerage firm highlighted that Dixon's revenue growth has been below expectation as consumer electronics, lighting and mobile phones, key verticals for the company, have seen a steep decline. The company has seen a sharp decline in key verticals. "We roll forward our valuation multiple and now value the company at 40 times versus 50 times earlier as there could be downside risk if the demand environment remains sluggish for an extended period. Risks include slowdown leading to lower requirements by brands," said Emkay. Sales ramp-up remains the key monitorable going forward, in our view. In the last one year, the Street has cut FY23 EPS by over 30 percent owing to lower sales. Brokerage firm ICICI Securities has downgraded the stock to a 'reduce' from a 'hold' and cut FY23-24 earnings estimates to factor in lower guidance and a slowdown in the sector. However, YES Securities has upgraded the stock to a 'neutral' from a 'reduce' with a target price of ₹3,506.

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In today's edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track.

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It is a home electronics and appliances company, primarily manufacturing consumer durables, and has a market capitalization of INR 20,009 crores. The company's ...

The price is already oversold, with the RSI (daily, 14) showing a reading of 9.07, the lowest since it started trading on the NSE. Going long when the stock is falling aggressively is like trying to catch a falling knife, which is generally not recommended, but waiting for this knee-jerk reaction to fade would reward better on the long side. Hence, one should not question the strength of the downtrend, and looking for selling opportunities in this trend would probably be a better idea. The company also slashed its revenue guidance for FY23 to INR 12,200 - INR 12,700 crores, from the earlier forecast of INR 15,000 crores. The revenue from its Mobile & EMS division (the biggest contributor of total revenue) tanked a noticeable 43% QoQ to INR 915, leading to a 21% QoQ cut in operating profit to INR 33 crores. The company’s revenue fell 22% YoY to INR 2,408.23 crores, however, a net profit of INR 51.91 crores translated into improved PAT margins of 2.2%, compared to 1.5% a year ago.

The management cut FY23 sales guidance to Rs 12000-Rs 12500 crore, from Rs 14000-Rs 14500 crore guided a few months earlier.

Revenues declined 22 per cent year-on-year (YoY) to Rs 2,405 crore in Q3FY23, as consumer electronics and lighting sales declined 39 per cent YoY, and were the main segments that dented sales. We have cut our FY23e-FY25e EPS by 16-20 per cent largely on account of lower sales, while margin remains at around 4 per cent,” the brokerage firm said. Earnings before interest, taxes, depreciation, and amortization (Ebitda) margin, too, improved 130 basis points (bps) to 4.7 per cent from 3.4 per cent, in a year ago quarter. Furthermore, the management cut FY23 sales guidance to Rs 12,000-Rs 12,500 crore, from Rs 14,000-Rs 14,500 crore guided a few months earlier. It fell below its previous low of Rs 3,185.05, which it had touched on May 16, 2022. However, profit after tax during the quarter grew 12 per cent to Rs 52 crore, against Rs 46 crore in Q3FY22.

Dixon Technologies share price today: Dixon Technologies stock opened 7.86% lower at Rs 3100 on Friday against the previous close of Rs 3364.65.

MOST READ We however upgrade the stock to Neutral as stock has already corrected sharply and Strong growth momentum is expected to resume as 1) Order book across the categories continues to remain healthy; 2) New capacities have started commercial production; 3) Revenues from new product categories like wearables and refrigerators will drive incremental growth; 4) New JV in, Wearables and Telecom products will add further growth levers. We maintain HOLD on the stock, with Dec-23 target price of Rs 3,165 per share based on 35x PE. Sales ramp-up remains the key monitorable going forward, in our view. "We cut our earnings forecast by 12-16% to factor in demand weakness, resulting in 40% EPS CAGR over FY22-25E vs 43% CAGR in last 3 years. In Q3 of the previous fiscal, the firm reported a profit of Rs 46.38 crore. Extending losses, the stock slipped up to 20.55% to a 52- week low of Rs 2673.05 on the BSE. We however upgrade the stock to Neutral from reduce as stock has seen sharp correction.” The market cap of the consumer durables firm fell to Rs 16,304 crore. Total 2.21 lakh shares changed hands over the counter amounting to a turnover of Rs 61.61 crore. Dixon Technologies shares opened 7.86% lower at Rs 3100 on Friday against the previous close of Rs 3364.65. Shares of Dixon Technologies India hit their fresh 52-week low after the firm reported Q3 earnings that disappointed Dalal Street.