 "Dixon Technologies")
Shares of Dixon Technologies (India) shed about 22 per cent intraday and hit a 52-week low of Rs 2,673.05 on Friday after the company reported disappointing results for the December quarter (Q3FY23). At close, the stock was down 19.19 per cent.
Revenues declined 22 per cent year on year (YoY) to Rs 2,405 crore in Q3FY23, due to slower ramp up in the mobile segment and a muted show in consumer electronics and lighting businesses. The revenues of these segments fell 39 per cent each from the year-ago quarter.
The sluggishness in mobile segment sales was on account of weak
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