Dixon Tech gains 5% on pact with boAt for new twin wireless speakers

In the past three months, Dixon Tech's stock has zoomed 75 per cent, as compared to 21 per cent rise in the S&P BSE Sensex

Dixon Technologies (India) shares traded 5 per cent higher at Rs 15,214, also their fresh record high, on the BSE on Thursday after the company announced that it has entered into an agreement with Imagine Marketing Private Limited (boAt) for manufacturing of Twin Wireless Speakers.

Dixon shall be manufacturing the said products from its manufacturing facility located at Noida, Uttar Pradesh. boAt is the leader in the earwear segment. Their high quality audio devices are known for their style and efficiency.

On December 28, the company’s wholly-owned subsidiary Padget Electronics entered into an agreement with Motorola for manufacturing of