ilmscore | Prediction Details
By CA Rachana Phadke Ranade | July 23, 2024 | Incorrect
Interpreted Prediction
Predicted a negative impact on mobile phone manufacturing stocks, citing examples like Dixon Technologies and Amber Enterprises, due to reduced customs duty on mobile phone components.
AI Evaluation Notes
The prediction stated a negative impact on mobile phone manufacturing stocks like Dixon Technologies and Amber Enterprises due to reduced customs duty. However, post-Budget 2024, Dixon Technologies reported a significant 265% year-on-year increase in net profit for Q2FY25 and hit record highs. Amber Enterprises also saw a 48.20% revenue increase in 2024, and despite some short-term dips, analysts maintained positive recommendations and the stock 'skyrocketed' at one point. This indicates a largely positive, rather than negative, impact on these stocks.

Prediction Details

Target
Negative impact on mobile phone manufacturing stocks
Predicted date
Ongoing impact of Budget 2024

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