{"id":103349,"date":"2023-05-24T12:53:01","date_gmt":"2023-05-24T07:23:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103349"},"modified":"2023-05-24T14:04:43","modified_gmt":"2023-05-24T08:34:43","slug":"mid-cap-stock-jumps-9-after-robust-results-and-reappointment-of-director-for-2nd-term","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mid-cap-stock-jumps-9-after-robust-results-and-reappointment-of-director-for-2nd-term\/","title":{"rendered":"Mid cap stock jumps 9% after robust results and reappointment of director\u00a0for 2nd term"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-784355263\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Dixon Technologies zoomed 9.38% on Wednesday\u2019s early trades to reach an intraday high of \u20b9 3583.00 apiece after the company reported its results for the last quarter of the financial year 2022-23. In the past five days, its share price increased by 19.15%.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-834770849\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Dixon Technologies (India) Ltd is one of the largest home-grown design-focused solutions companies in India. It manufactures consumer durables, lighting and mobile phones\/smartphones and other products for various well-known brands. At 12:26 Pm, its shares were trading at \u20b9 3508.80 apiece, up 7.12%.&nbsp;<\/p><p>On a consolidated basis, the company registered a 27.70% growth in its net profit to $ 80.62 crores for the January to March quarter (Q4FY23), as compared to \u20b9 63.13 crores reported in the corresponding quarter last year (Q4FY22). Its revenue from operations climbed 3.82% at \u20b9 3065.45 crores in Q4FY23, as compared to \u20b9 2952.75 crores in Q4FY22.&nbsp;<\/p><p>For the entire year (FY23), the electronics manufacturing firm\u2019s net profit zoomed 34.02% to \u20b9 255.08 crores, against \u20b9 190.33 crores in the previous year (FY22). Its revenue increased by 13.98% to \u20b9 12,192.01 crores in FY23, as compared to \u20b9 10,697 crores in FY22.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-249332543\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company reappointed Keng Tsung Kuo as Non-Executive Independent Director for the second term of five consecutive years with effect from 12th April 2024, subject to the approval of shareholders of the company in the ensuing annual general meeting. He has over 30 years of rich and extensive experience in business selling and strategy, human resources and globalization strategy, change management and leadership management.&nbsp;<\/p><p>Dixon Technologies is a mid-cap company with a market capitalization of \u20b9 19,510 crores.\/ It has an ideal return on inequity of 22.40% and an ideal debt-to-equity ratio of 0.35. The company\u2019s shares were trading at a price-to-earnings ratio (P\/E) of 76.89 which is substantially higher than the industry average of \u20b9 14.23, indicating that the stock might be overvalued as compared to its peers.&nbsp;<\/p><p>The company\u2019s promoters hold a 34.05% stake in it followed by retail investors with 30.84%, foreign institutions with 12.04%, Mutual funds with 11.99% and domestic institutions with 11.08%.&nbsp;<\/p><p><strong>Written By Simran Bafna&nbsp;<\/strong><\/p><p>Source1 Source2 Source3 Source4 Source5<\/p><div class=\"trade-after-content\" id=\"trade-149405668\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Dixon Technologies zoomed 9.38% on Wednesday\u2019s early trades to reach an intraday high of \u20b9 3583.00 apiece after the company reported its results for the last quarter of the financial year 2022-23. In the past five days, its share price increased by 19.15%.&nbsp; Dixon Technologies (India) Ltd is one of the largest home-grown [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-103349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mid cap stock jumps 9% after robust results and reappointment of director\u00a0for 2nd term - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of the company zoomed 9.38% on Wednesday\u2019s early trades to reach an intraday high of \u20b9 3583.00 apiece after the company reported its results for the last quarter of the financial year 2022-23. 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