This Stock Gave a Return of 200% in 2024, All Details Here

Shares of Dixon Technologies (India) Ltd are grabbing eyeballs in Dalal Street as the stock is trading at an all-time high of 18,768.00, up by 4.53%. Though the stock witnessed high FII outflows in the previous month, it withered the negativities by clocking a growth of 200% this year. As of December, the stock grew by 11%.

Over 15 out of 31 analysts have given the stock a ‘buy’ rating. While seven of them held a ‘hold’ rating, nine have opted for ‘sell’, Bloomberg data reported.

Over the span of three to four years, the company is expecting to see a revenue growth of 40% on account of new opportunities surrounding mobiles, IT and telecom product segments. Chief Financial Officer Saurabh Gupta told NDTV profit that the topline for FY25 may close at around Rs 38,000-Rs 40,000 crore.

During the September quarter, the company reported a net profit of ₹412 crore as compared to ₹113 crore in the previous quarter a year ago. Revenue from operations more than doubled to

₹11,534 crore.