B&K estimates that from 2025 to 2027, Dixon’s earnings will increase at a speed of 42% and profits at a great speed of 69%! The reason for this is the rapid dominance in the segment of the company’s mobile, IT hardware, industrial EMS and electric vehicles (EV). Also, the company is making its production more smart, increasing exports and touching new heights by focusing on ODM (original design manufacturing) model.
Share condition and performance
On Monday, Dixon’s stock climbed 1.39% to close at Rs 15,410. The company’s market cap has reached Rs 93,199 crore. So far, the stock has jumped 45% from the low (Rs 10,613) of July last year. This multibagger stock has been made by giving 263% in two years and 315% in three years.
Technical attitude
The RSI of the stock is 57.1, that is, it is neither very high nor very low. Also, it is trading 5, 10, 20, 30, 50, 100, 150 and 200 days above the average, which suggests that the share move is still strong.
Last quarter explosion
Dixon did wonders in Q4 FY24. Profit increased by 322% to Rs 401 crore, including a special income of 250.4 crore. Earnings also increased by 121% to Rs 10,292.5 crore, compared to Rs 4,658 crore last year.
What does Dixon do?
Dixon is India’s largest contract manufacturing company, which makes mobile, consumer durables and lighting products. The government’s Make in India and PLI scheme have brought it to more highs.
