Dixon Tech shares jump 6% as revenue doubles in Q3
Thu, Feb 1, 2024 10:30 AM

Dixon Tech shares jump 6% as revenue doubles in Q3

A Flip by Shubhangi Gupta
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Dixon Technologies Limited's stock rose by 6% to Rs 6,348 in morning trade on February 1 after reporting a doubling of its revenue from operations during the October-December quarter. The company's net profit also saw an 85% increase to Rs 97 crore. HSBC has given a 'buy' rating with a target price of Rs 6,550 and Morgan Stanley has an underweight call citing management's lack of revenue guidance.

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