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Why did Dixon Technologies' shares fall 14% and hit lower circuit on Tuesday?
short by Ashley Paul / on Tuesday, 21 January, 2025
Dixon Technologies' shares fell nearly 14% intraday to ₹15,130 on Tuesday and hit lower circuit. This comes after the company reported 47.5% MoM decline in its consolidated net profit and a 9% decline in revenue from operations for the October-December 2024 quarter. The stock has declined nearly 16% so far this year and Jefferies had maintained 'underperform' rating on it.
read more at Moneycontrol