Dixon soars 7% as arm inks pact with Motorola to manufacture smartphones

The stock of the consumer electronics company was trading close to its record high level of Rs 13,907, hit on December 18

Shares of Dixon Technologies (India) rose 7 per cent to Rs 13,622 on the BSE on Monday after the company’s wholly-owned subsidiary Padget Electronics entered into an agreement with Motorola for manufacturing of smartphones. The products will be manufactured at Padget's manufacturing facility situated at Noida, Uttar Pradesh, the company said.

Padget Electronics is one of the few companies who recently received production linked incentive scheme (P/L scheme) approval from the government, the company said.

The stock of the consumer electronics company was trading close to its record high level of Rs 13,907 on December 18, 2020. In