Stock of Interest

Posted On: October 19, 2023

#DIXON (NSE) Stock Report | 18 Oct 2023

Dixon Technologies (India) Ltd is engaged in the manufacture of electronic products in India. Its products include Consumer electronics, Home appliances, Lighting products, Mobile phones, Security Systems, and Reverse Logistics. Majority of the company’s revenue is contributed by Consumer electronics. The company engages in domestic sales of goods as well as exports its products outside India.

#xCalData predicts that # DIXON will continue its bullish phase over the next five days and trend within the range of 5393 to 5746.

In comparison to the previous month, the price of the stock has experienced an increase of 7.82% indicating a bullish.

The Stock has doubled thrice since 27 Sep 2017 and took an average of 1.2 years to double.

The stock has shown seasonality trend in the past.

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 4 years in the past.

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely BOP indicate Bearish view.

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days.

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