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Dixon Technologies surges 12% as Q2 profit more than doubles

The company's revenue during the quarter jumped 90 per cent to Rs 1,405 crore from Rs 741 crore in the corresponding quarter of previous fiscal.

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India’s quick adoption to 4G and cheapest data prices provide the company an opportunity as well as a challenge to roll out products that help the consumer use technologies such as internet of things in their daily lives

SI Reporter Mumbai

2 min read Last Updated : Nov 14 2019 | 2:43 PM IST

Shares of Dixon Technologies (India) surged 12 per cent to Rs 3,358, hitting a 52-week high in the intra-day trade on the BSE on Wednesday after the company's net profit for September quarter (Q2FY20) more-than-doubled to Rs 43 crore. The consumer electronics company had reported profit of Rs 16.43 crore in the year-ago quarter. The stock was trading at its highest level since June 2018.

Dixon Technologies is the largest home-grown design-focused and solutions company engaged in manufacturing products in the consumer durables lighting and mobile phones markets in India.

The company’s revenue during the quarter jumped 90 per cent to

Topics : Dixon Technologies (India) Buzzing stocks Markets Sensex Nifty

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