A notable trend this quarter was the shrinking disparity in domestic consumption between high-end and mass markets. This was observed as growth in luxury segments like passenger vehicles, hotels, and jewellery decelerated. In contrast, the FMCG sector stabilised, and durables experienced a robust quarter, largely attributed to the heatwave, according to the Nuvama note.
Dixon Technologies shares tumble 6% in 2 weeks. Is long-term bullishness intact?
The Dixon Technologies stock rebounded from its support near Rs 15,953, with resistance around Rs 17,295. It trades below its 20-day and 50-day EMAs of
January 16, 2025