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Dixon Technologies: Growth outlook wired to mobile business

Sachin Pal & Neha Gupta   •

The current market has clearly punished stocks that have inflated valuations. Dixon is no exception as the stock has fallen about 40 percent in the past 6-8 months. Besides, the stock had a massive rundown following the ED raids on Xiaomi India

Benchmark indices ended lower in yet another volatile session on June 15 with Nifty below 15,700. At close, the Sensex was down 152.18 points or 0.29% at 52,541.39, and the Nifty was down 39.90 points or 0.25% at 15,692.20. About 1730 shares have advanced, 1484 shares declined, and 143 shares are unchanged.

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Disclosure & Disclaimer

This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More