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
Taiwanese IT hardware firm Acer has roped in domestic electronic manufacturing services firm Dixon Technologies for making its laptops in India, both companies said in a joint statement on Wednesday. The facility will have a capacity to manufacture up to 5 lakh Acer laptops annually. "Acer India, the leading PC brand, and Dixon Technologies have partnered for the manufacturing of laptops at Dixon's state-of-the-art manufacturing facility situated in Noida," the joint statement said. The manufacturing unit was inaugurated by Ministry of Electronics and Information Technology joint secretary Saurabh Gaur in the presence of Dixon Technologies Executive Chairman Sunil Vachani, Acer India President & Managing Director Harish Kohli, Acer India Chief Business Officer Sudhir Goel. "This will give a strong impetus to India's manufacturing competitiveness and leverage the Production-Linked Incentive (PLI) by the Government of India. The factory will have capacity to produce upto 5,00,000 ...
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
These five stocks are likely to gain ground in the days ahead, provided the overall market sentiment stays strong.
The stock of JK Cement has given bullish "Flag" pattern breakout on the daily charts
The company's revenue during the quarter jumped 90 per cent to Rs 1,405 crore from Rs 741 crore in the corresponding quarter of previous fiscal.
The stock listed at Rs 2,725, a 54% premium against its IPO price of Rs 1,766 on BSE and NSE