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Dixon Tech reports strong Q2 growth driving bullish brokerage outlook

Dixon Technologies reported a remarkable 263% increase in consolidated net profit to Rs 412 crore for Q2 FY24, with revenues rising to Rs 11,534.08 crore. The mobile segment is a key growth driver, prompting brokerages like Investec to raise target prices and maintain bullish ratings, highlighting the company's strong performance and promising future in IT hardware and components manufacturing.
Moneycontrol
Indian Rupee Dixon Technologies (India) Limited IND Investec Nomura
Finance & Economy, Market Report
05:01 25.10.2024

TVS Motor reports record revenue and profit despite earnings miss

TVS Motor Co. reported record-high operating revenue of Rs 9,228 crore for Q2, a 13% increase from the previous year, alongside a profit after tax of Rs 663 crore. Despite missing earnings estimates, brokerages remain optimistic, with Investec maintaining a buy rating and raising the target price to Rs 3,050, citing expected growth driven by festive demand and a strong electric vehicle ramp-up.
Moneycontrol
Indian Rupee TVS Motor Company Limited IND Investec
Finance & Economy, Market Report
05:03 24.10.2024
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