Dixon Technologies (India) is currently trading at Rs. 5324.10, up by 53.30 points or 1.01% from its previous closing of Rs. 5270.80 on the BSE.
The scrip opened at Rs. 5338.90 and has touched a high and low of Rs. 5354.05 and Rs. 5302.00 respectively. So far 2383 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 6240.00 on 19-Oct-2021 and a 52 week low of Rs. 2689.63 on 22-Jan-2021.
Last one week high and low of the scrip stood at Rs. 5395.95 and Rs. 5239.65 respectively. The current market cap of the company is Rs. 31277.95 crore.
The promoters holding in the company stood at 34.93%, while Institutions and Non-Institutions held 27.15% and 37.92% respectively.
Dixon Technologies has entered into Joint Venture Agreement (JV agreement) with Rexxam. Pursuant to the said JV Agreement, Dixon Devices (JV Company) will be 40% owned by Dixon and 60% owned by Rexxam. The JV Company has received approval under PLI scheme of Government of India under White Goods category and in accordance with the same, it will undertake manufacturing of Printed Circuit Boards for Air-Conditioners (PCBA) for the domestic and international market. The JV Company will cater to customers of Rexxam for both domestic and export markets.
This partnership will be well positioned and a key player in this space and shall be a contributor in strengthening India’s electronics manufacturing sector as well as towards Indian government’s vision of an Atmanirbhar Bharat.
Dixon Technologies (India) is the largest home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India.