Brokerages positive on stock; company expected to emerge as major player in India's smartphone manufacturing by FY27
Dixon Technologies stock had opened at a record high of Rs 15,999.95.
The PCR (Put Call Ratio) of these 3 stocks is above 1, implying presence of higher open positions in Puts as against Calls, shows the NSE options data.
In the past one year, Dixon Tech has zoomed 182 per cent, compared to the nearly 23 per cent surge in the BSE Sensex during the same period.
Fair trade regulator CCI on Tuesday granted its approval to Dixon Technologies' proposal to acquire a stake in Aditya Infotech Ltd. Dixon Technologies (India) Ltd is involved in the business of providing Electronic Manufacturing Services (EMS). It provides EMS for lighting solutions, television, washing machines, security systems, wearables and hearables, among others. The regulator also cleared the acquisition of a stake in AIL Dixon Technologies by Aditya Infotech Ltd (AIL). "Commission approves the subscription of certain shares of Aditya Infotech Ltd (AIL) by Dixon Technologies (India) Ltd and the acquisition of certain shares of AIL Dixon Technologies Pvt Ltd by AIL," CCI said in a post on X. AIL Dixon Technologies is a joint venture (JV) company between AIL and Dixon Technologies India. It is engaged in manufacturing and assembling of ESS. During FY24, the JV recorded a revenue of Rs 632.62 crore. Aditya Infotech is engaged in the business of sourcing, distributing and marke
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The company is on a high growth path driven by a significant increase in manufacturing volumes for Motorola and Xiaomi. The new facility in Chennai plant is expected to be operational by Q4FY25
SRF has given trend line breakout on daily chart and holding well above the same.
This uptick in stock price followed the company's announcement of its intention to establish a joint venture (JV) with HKC Corporation
Local contract manufacturer Dixon Technologies said the initial batch of Indian-made devices will be available in the market by September, as trial production has recently started
The 5G rollout is opening demand for new devices. Scaling up in home appliances and laptops should also drive revenues
Dixon Technologies' Q4 profit surged 24.7 per cent to Rs 98.5 crore
Dixon Technologies India Limited reported a 2% decrease in holding from 5.012% to 3% during the period from April 20, 2022 to December 15, 2023 at an average cost of Rs 5877.65
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Shares of Dixon Technologies sprinted 9.5 per cent and hit a fresh 52-week high of Rs 6,034.75 apiece on the BSE
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Dixon Technologies (India) Ltd on Thursday reported a 47 per cent rise in consolidated net profit to Rs 113.36 crore for the second quarter ended on September 2023. The company had posted a net profit of Rs 77.12 crore for the July-September period a year ago, according to a regulatory filing by the electronic manufacturing services firm. Its revenue from operations increased 27.83 per cent to Rs 4,943.18 crore as against Rs 3,866.77 crore in the year-ago period. Dixon's total expenses in the September quarter increased 50.52 per cent to Rs 4,797.83 crore. Its total income in the quarter under review was at Rs 4,943.90 crore. Dixon's revenue from Consumer Electronics fell 4 per cent to Rs 1,440 crore in Q2FY24. Similarly, revenue from Lighting Products declined 38 per cent to Rs 181 crore. Revenue from Home appliances was flat at Rs 364 crore. However, its revenue from the Mobile & EMS Division jumped 77 per cent to Rs 2,819 crore in the September quarter. Shares of Dixon ...
Company leads India's electronic manufacturing services and has improved revenue by 32% in the last decade
Dixon has been cleared to receive sops under the PLI scheme for mobile manufacturing and currently makes phones for Reliance Jio, Motorola and Nokia
India as a risk-mitigation tactic - a hedge against manufacturing all widgets in China - is a story that's gathering investor interest and helping to justify lofty valuations