Dixon Technologies’ stock opened at ₹15,900, a strong 5% jump from the previous close of ₹15,055.30. However, the stock soon lost its initial momentum, trading at ₹15,386.85 (+2.20%) as of 9:16 AM, after market participants reacted to the company’s exceptional gains recorded in its books.
The stock’s high for the day was ₹15,900, with a low of ₹15,200.20, reflecting volatility in early trading hours. Investors were quick to lock in profits after the stock surged at the opening bell, largely driven by an exceptional gain that impacted the company’s financials.
While the initial spike showed optimism around the company’s earnings performance, the market is digesting the implications of the exceptional gain, which is likely seen as a one-time benefit rather than sustainable growth.
Disclaimer: Stock prices are subject to market fluctuations. Please consult a financial advisor for investment decisions.
