Dixon Tech hits record high ahead of stock split; up 609% from Mar'20 low

The stock hit a record high of Rs 20,564, having gained 8% in the past three trading days, after the company fixed March 19, 2021 as the record date for 1:5 stock split

Shares of Dixon Technologies hit a record high of Rs 20,564, up 2.4 per cent on the BSE in the intra-day trade on Friday, having gained 8 per cent in the past three trading days, after the company fixed March 19, 2021 as the record date for 1:5 stock split i.e. from Rs 10 to Rs 2. The stock of the consumer electronics company surpassed its previous high of Rs 20,440 on February 25, 2021.

The firm's board of directors, at their meeting held on February 2, had approved the stock split. Dixon Technologies said the rationale behind the stock split