Shares of Dixon Technologies have given up the key Rs 17,000 mark after 19 sessions. The fall in the electronics manufacturing services (EMS) stock comes after 9% correction in two sessions. Analysts attributed the big correction in stock to profitbooking.

Meanwhile, the stock slipped 4.84% in the current session to Rs 16,660 against the previous close of Rs 17508.75 on BSE. Market cap of the firm declined to Rs 1.01 lakh crore. However, the stock is still up 38.04% from its 52 week low of Rs 12,326.60 reached on April 7 this year. Advertisement

Turnover rose to Rs 18.84 crore as 0.11 lakh shares of the firm changed hands on BSE.

Shares of Dixon Technologies are trading higher than the 100 day, 150 day, 200 day and lower than the 5 day, 10 day, 20 day, 30 day and 50 day moving average

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