Multibagger Stock Tips: This multibagger stock has doubled shareholders’ money in one year, do you have it?

Multibagger Stock:  Shares of Dixon Technologies Limited have doubled investors’ money in the last 12 months. It has increased from the mark of Rs 2305 to Rs 5145.80. The large-cap stock is up 123 per cent in the past one year and is up 86 per cent since the beginning of this year.

With a market capitalization of more than Rs 29,600 crore, the shares are trading higher than the 100 day and 200 day moving averages but lower than the 5 day, 20 day and 50 day moving averages.

According to brokerage and research firm Anand Rathi, Dixon Tech is targeting the global LED-bulb market. Its new product categories such as refrigerators and telecom equipment are well positioned to support growth in FY23/FY24.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com’s It is never advised to invest money from anyone side here.)

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