After ~5 qtrs of y-o-y dip in margins, Dixon re-gained healthy OPM in Q4 at 4% ( 60bps q-o-q; 20bps y-o-y), due to timely price hikes in ODM. Apr22 saw price hikes of ~2% in Washers and 1-2% in Lighting. Mgmt expects FY23 OPM at 4.0-4.2%, though JEFe is lower at 3.9%. Post Rs 4-bn capex in FY22, Dixon plans further Rs 3.4-bn in FY23, higher vs. JEFe. We cut FY24-25 EPS by 5-6%. But, as the new ca...

After forming a bullish engulfing a reversal candlestick pattern, the index continued to trade higher and closed higher indicating a bullish pattern confirmation. On March 15, prices formed a bearish dark cloud cover pattern and on the next immediate day, Nifty closed above the high of the bearish pattern and confirms the failure of the bearish setup. On analyzing the daily chart we have witnessed...

Here is the list of the top 10 stocks that are likely to be in focus on Friday:Punjab National Bank: Punjab National Bank (PNB) on Thursday reported a two-fold jump in standalone net profit to Rs1,126.78 crore for the third quarter ended December, as bad loans marginally declined.The country's second-largest public sector lender had earned a net profit of Rs506.03 crore in the year-ago period.Howe...

Nifty futures on the Singapore Exchange traded 16 points, or 0.09 per cent lower at 18,122.50, signaling that Dalal Street was headed for a negative start on Wednesday. Here are a dozen stocks which may buzz the most in today's trade:Bajaj Auto, L&T Info, ICICI Lombard: Larsen & Toubro Infotech, Bajaj Auto, ICICI General Insurance Company, JSW Energy, Tata Communications NSE 1.35 %, Oracle Fin...

Nifty futures on the Singapore Exchange traded 3.5 points, or 0.02 per cent, higher at 17,444.50, signaling that Dalal Street was headed for a flat start on Thursday.Dixon Technologies: Taiwanese IT hardware firm Acer has roped in domestic electronic manufacturing services firm Dixon Technologies for making its laptops in India, both companies said in a joint statement on Wednesday. The facility ...