Dixon Technologies shares rise 10%, where is the multibagger headed?

Shares of Dixon Technologies rose nearly 10% in early deals today. Dixon Technologies stock gained 9.83% to Rs 15,812 on BSE. 

Turnover was high at Rs 80.85 crore as 0.53 lakh shares of the firm changed hands on BSE. Market cap of the firm stood at Rs 93,927 crore. 

In terms of technicals, the relative strength index (RSI) of Dixon Technologies stands at 49.9, signaling it's trading neither in the overbought nor in the oversold territory.

Shares of Dixon Technologies are trading higher than the 5 day, 20 day, 30 day, 50 day, 100 day and 200 day moving averages. 

The multibagger stock has clocked stellar returns of 200% in a year and 248% in two years.

The firm reported a stellar set of earnings for the quarter ended September 2024. Net profit climbed 265% year-on-year for the September 2024 quarter. 

Profit rose to Rs 412 crore amid exceptional gain of Rs 209.6 crore and an increase in mobile phone production. 

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