On Thursday, December 11, Dixon Technologies shares experienced a significant recovery. Despite opening lower and initially slipping to a 52-week low of ₹12,130, the stock rapidly regained momentum, surging 6.6% to reach a high of ₹12,928. This marked the stock's largest single-day gain since early September.
The recent performance of Electronic Manufacturing Services (EMS) companies, including Kaynes Technology, has been influenced by market volatility and selling pressure. Despite long-term growth prospects, EMS stocks have faced significant challenges in regaining investor confidence.
For the quarter ended September, Dixon Technologies reported an 81% increase in consolidated net profit to ₹746 crore, driven by a significant rise in other income. Adjusted for one-time gains, the company's net profit stood at ₹323 crore, with 29% year-on-year revenue growth and 34% operating profit increase.
While EMS companies face short-term challenges, their long-term outlook remains positive. As the market navigates volatility and uncertainty, investors are advised to consult with certified experts before making any investment decisions.
Download the TradeKaizen app to practice F&O trading with real-time market data anytime, anywhere.
Get it on Google PlayConnect with fellow traders, share strategies, and improve your trading skills in our Telegram group.
Join Telegram