Dixon Technologies (India) Ltd Hits All-Time High, Outperforms Sector and Sensex

Aug 20 2024 09:26 AM IST
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Dixon Technologies (India) Ltd, a leading player in the consumer electronics industry, has been performing exceptionally well in the stock market. Its stock price reached an all-time high on 2024-08-20 and has consistently been gaining for the last 3 days. The company has also outperformed the Sensex, showcasing its strong growth potential.

Dixon Technologies (India) Ltd, a leading player in the consumer electronics industry, has been making waves in the stock market with its impressive performance. On 2024-08-20, the company's stock price reached an all-time high, showcasing its strong growth trajectory.

MarketsMOJO, a leading stock analysis platform, has given a 'Buy' call for Dixon Technologies (India) Ltd, further solidifying the company's potential. The stock has also been a part of MOJO Stocks on MarketsMOJO since 2024-08-08, indicating its consistent performance.

In terms of price performance, Dixon Technologies (India) Ltd has been on a roll. It hit a new 52-week high of Rs.12921.2 today and has been performing in line with the sector. The stock has also been gaining for the last 3 days, with a 8% return in that period. Additionally, it has traded in a narrow range of Rs 120, showcasing its stability.

The stock has also been highly volatile today, with an intraday volatility of 54.79%. However, this is not uncommon for a stock that has been on a strong upward trend. Dixon Technologies (India) Ltd is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting its positive momentum.

In terms of overall performance, Dixon Technologies (India) Ltd has outperformed the Sensex by a significant margin. Its 1-year performance stands at 170.27%, while the Sensex has only grown by 24.09% in the same period. This showcases the company's strong growth potential and its ability to deliver returns to its investors.

With its impressive performance and positive outlook, Dixon Technologies (India) Ltd is definitely a stock to watch out for in the consumer electronics industry. Investors can consider adding it to their portfolio for long-term growth.
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