Latest news with #DevangshuDattaMumbai
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Business Standard
11 hours ago
- Business
- Business Standard
Strong mkt leadership, robust demand should help IndiGo stock gain altitude
India is expected to see close to 10 per cent CAGR in passenger volumes over next two-three years and it is among the lowest penetrated markets per capita despite being the third-largest Devangshu Datta Mumbai Listen to This Article India's civil aviation sector has strong growth trends in the medium to long term, but geopolitics has had a short-term impact on international travel. Many flights were cancelled during the Iran-Israel conflict and there are fears of crude supply disruptions, causing price volatility to a key input. In addition, the crash at Ahmedabad has led to Boeing 787 fleets being grounded, causing further flight disruptions and it has also led to Air India being badly hit due to 787 exposures. India is expected to see close to 10 per cent compound annual growth rate (CAGR) in passenger volumes over the
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Business Standard
a day ago
- Business
- Business Standard
Dixon Technologies stock weighed down by the competition concerns
Dixon's revenue growth was led by mobiles & EMS (194 per cent), offset by 23 per cent fall in consumer electronics. Home appliances and lighting were flat Devangshu Datta Mumbai Listen to This Article Increasing competition in the electronics manufacturing services (EMS) industry is impacting valuations. Market leader Dixon Technologies has been hit hard though it remains the leader in an industry with strong growth. Listed players such as Kaynes Technology, Avalon Technologies, Syrma SGS Technology, Cyient DLM, Data Patterns, Dixon, and Amber Enterprises have all seen some price correction. This comes despite orders from aerospace, industrials, automotive, and infrastructure sector clients. Increasing competition has led to investors pulling back valuations. EMS players have big capex plans driven by policies like production-linked incentive scheme (PLI). The aggregate order book of the seven companies mentioned
