206% return in 3 years, huge growth seen from excellent results, this stock has earning opportunities – dixon technologies share surged over 7 percent
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In addition boAt and Dixon Technologies have formed a joint venture to scale up manufacturing of boAt’s wireless audio products in India. The 50-50 partnership aims to co-invest in the growing Indian mobile accessories market and promote the “Make in India” initiative within the category.
Dixon Technologies (India) Limited has recently announced the Q1FY24 results. The company’s sales in the first quarter increased by 14.6% to Rs 3,272 crore. While the operating profit increased by 32% to Rs 132 crore. Similarly, the net profit of the company increased by 48.8% and stood at Rs 67 crore. Furthermore, the company has been able to grow its sales by 34% (CAGR) in the last 5 years and net profit grew by 33% (CAGR) in the same period.
The company has given a return of 24% in the last one year and an impressive return of 206% in the last 3 years. Additionally, the company has a ROCE of 25.8% and an ROE of 22.4%.
The company’s shares gained over 7% on Friday and traded at their new 52-week high of Rs 4812.70. Moreover, the volume of the stock had increased by more than 2.42 times. Investors can keep an eye on this stock.
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