Dixon Technologies crashed up to 20%

In early trading on Friday, Dixon Technologies shares fell as much as 20% on the BSE

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reaching a 52-week low of $2,691.

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Despite Q3FY23 PAT increasing 10% YoY due to margin expansion

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Sales was down 22% YoY.

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Due to weaker sales, the Street reduced FY23 EPS by nearly 30% in the previous year

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We have reduced our EPS for FY23e-FY25e by 16–20%, mostly due to weaker sales.

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