Dixon Technologies’ stock has surged 37% in 2 mths; will the rally sustain?

Dixon Technologies’ shares hit a fresh 52-week high of Rs 12,538.7 on the BSE, up 3.5 per cent, in the intra-day deals on Friday. At 12:27 pm, the stock was ruling 3 per cent higher at Rs 12,489 on the BSE, as against a 275-point or 0.6 per cent rally in the S&P BSE Sensex.

The government’s Atmanirbhar Bharat, analysts say, is acting as the key trigger in the stock. Besides, it’s approval to performance linked incentive (PLI) scheme for 13 sectors supports strong-growth outlook. Since October 1, the stock has surged nearly 37 per cent at the bourses, compared to an 18.7-per cent rally in the Sensex index till Thursday, ACE Equity data show.