Dixon Technologies tanks 14% in 2 days; stock nears 52-week low

The Enforcement Directorate, on Saturday, "seized" over Rs 5,551-crore worth fund of Chinese mobile manufacturing company Xiaomi for violating the Indian foreign exchange law

Shares of Dixon Technologies slipped 5 per cent to Rs 3,784.65 on the BSE in Wednesday's intra-day trade, falling 14 per cent in the past two trading days, 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 of the consumer electronics company traded close to its 52-week low of Rs 3,760 touched on August 24, 2021. It had hit a 52-week high of Rs 6,240 on October 19, 2021. At 12:55 PM, it was trading