Mutual funds, LIC-owned multibagger stock: Dixon Technologies share price rises 1300% in 5 years
Mutual funds, LIC-owned multibagger stock: Shares of Dixon Technologies (India) Ltd are one of the multibagger stocks that the Indian stock market has delivered in recent years. This stock has attracted investments from various mutual funds, which include HDFC Mutual Fund, Nippon India Trustee, PGIM India Trustee, etc. The story doesn't end here only.
Dixon Technologies (India) Ltd has attracted investments from the insurance behemoth Life Insurance Corporation (LIC) of India as well. This Noida-based electronics manufacturing services company has delivered around 150 percent return to its shareholders in the last one year whereas, in the last five years, Dixon share price has ascended over 1300 percent. Despite a heavy sell-off on Dalal Street, Dixon Technologies share price has ascended to the tune of 10 percent in the last one month whereas, in the last six months, this tech stock has risen to the tune of 40 percent.
In YTD time, Dixon share price has shot up from around ₹6,460 to ₹6,952 apiece levels on NSE, delivering over 5 percent returns to its shareholders. However, it has been one of the multibagger stocks of the Indian stock market in the last one year. During this time, this multibagger stock has surged from around ₹2,868 to ₹6,952 per share levels, clocking around a 150 percent rise in this time.
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