Dixon Tech stock tanks 14%, breaks 100-DMA after 20-mths; tech outlook here
Dixon Technologies stock cracked nearly 14 per cent in intra-day deals on Tuesday, a day after reporting its Q3 results.
The company reported a 77.5 per cent year-on-year (YoY) growth in Q3 consolidated profit at Rs 171.19 crore for the quarter ended December 2024 when compared with Rs 96.44 crore in the corresponding period a year ago. Sequentially, however, the company’s net profit was down 56 per cent (QoQ).
