Dixon Technologies hits 52-week low, stock down 19% in six trading days

The stock has been under pressure despite the company clarifying that there is no adverse impact on the business of the company due to the ED seizure of assets of Chinese mobile manufacturing company

Shares of Dixon Technologies (India) hit a 52-week low of Rs 3,548, down 5 per cent on the BSE in Tuesday’s intra-day trade. The stock has fallen below its previous low of Rs 3,760 touched on August 24, 2021.

Thus far in the month of May, in the past six trading sessions, the stock of the consumer electronics company has slipped 19 per cent despite the company clarifying that there is no adverse impact on the business of the company due to the Enforcement Directorate's (ED) seizure of assets of Chinese mobile manufacturing company Xiaomi. The stock has also