Mumbai: This company seems to be benefiting from the ‘Aatmanirbhar’ self-reliant India campaign. The stock of this company is showing steady rise. We are talking about diction technologies. It is a midcap company that does contract manufacturing. Global companies have lost interest in manufacturing in China due to the corona virus epidemic. The company will also benefit from this.
Analysts say that the performance of the shares of this company is expected to be excellent. Diction Technology’s stock was listed on the stock market in 2017. The stock has climbed 125 percent in the last one year. During this period, the Sensex has fallen 17 per cent. On June 3, the stock closed at a 52-week high of Rs 5572.75. At around 2.20 pm on Wednesday, the share price rose by 0.28 per cent to Rs 5316.
Diction Consumer manufactures electronics, home appliances, lighting products and mobile phones. 6 analysts strongly recommend buying this stock (Strong Buy). 8 analysts have advised to buy (buy) it. An analyst has advised investors to keep this stock with them. No analyst has advised to sell this stock.
Siddharth Sedani, Vice President (Equity Advisory), Anand Rathi Shares and Stock Brokers, said, “This is a story of a completely Make in India and self-reliant India. It is the largest company to manufacture LED panels in India. It is also a private label brand. Manufactures. This company will directly benefit from companies transferring their manufacturing from China to India. ” He said that the stock of diction is expected to continue to rise. The company’s financial results have also been good.
Ambit Capital said in its report on 8 June that moving manufacturing from China to another country is also financially beneficial for companies. The brokerage firm has also said that 50 percent of the world’s electronic products are produced in China in terms of value. The supply chain there is also very good. But, China labor cost is three times that of India. Because of this also companies around the world are looking for options to move their manufacturing out of China.