DSIJ Mindshare

Dixon Tech rallies as government scraps import duty

Nidhi Jani 0 2800 Article rating: 4.0

With response to this development, the stock of Dixon Technologies surged nearly 6 per cent to touch intra-day high of Rs. 2597.90. Consumer electronics accounts for nearly 40 per cent of the company’s revenues in FY19. Dixon’s revenue from consumer electronics segment (LED TV) in Q1FY20 jumped 129 per cent yoy to Rs. 510 crore.


Index trend and stocks in action September 18, 2019

DSIJ Intelligence-3 0 1454 Article rating: 5.0

The key level to watch out is the 10,740 mark. Any breach of this level would open more doors for steeper slide and we could see a re-test of swing low of August (10,637) in the coming days. Meanwhile, on the upside, immediate resistance is seen at 10,980 levels and only on a close above the same may change the set-up differently. Stocks in news: Sunteck Realty, Hindalco Industries, Gujarat Alkalies and Chemicals, GHCL, Ahluwalia Contracts, Bajaj Finance, Balmer Lawire, Coffee Day.

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