India’s Electronic Manufacturing Set to Double, Reaching $250 Billion in Next Five Years.
Electronics Mfg Index
YTD Performance
With the Budget round the corner, this sector might be the Blue-eyed boy that gets a lot of attention.
Where is the leadership and which stocks you need to focus on ?
The chart shows Dixon to be the sector leader with a YTD gain of over 85% while Datapattns and Astramicro are at #2 and #3 positions with 63% and 57% returns respectively.
Dixon
Daily Chart
Dixon is India’s largest design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones/smart phones markets in India.
Growing on strong Earnings reported in May’24, Dixon is at ATHs and broke out of a tight range on friday.
Dixon is a True Market Leader (TML.
Signs of a Model Book Stock / True Market Leader :
- Earnings acts as catalyst
- Gap-up post Earnings
- High Volume signature, usually > 400%
- Consolidation before breakout
It is now extended and one should ideally wait for another base to be formed or wait for the 50dma to catchup.
Datapattns
Daily Chart
Astramicro
Daily Chart
You are just ONE STOCK away from all the money you can make.
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