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Dixon Technologies surges after its arm gets approval for manufacturing of Mobile Phones

09 Oct 2020 Evaluate

Dixon Technologies (India) is currently trading at Rs. 8550.00, up by 67.25 points or 0.79% from its previous closing of Rs. 8482.75 on the BSE.

The scrip opened at Rs. 8600.00 and has touched a high and low of Rs. 8676.70 and Rs. 8492.20 respectively. So far 1543 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10280.70 on 14-Sep-2020 and a 52 week low of Rs. 2671.00 on 07-Nov-2019.

Last one week high and low of the scrip stood at Rs. 9056.30 and Rs. 8390.00 respectively. The current market cap of the company is Rs. 9890.16 crore.

The promoters holding in the company stood at 36.11%, while Institutions and Non-Institutions held 34.21% and 29.68% respectively.

Dixon Technologies’ wholly owned subsidiary -- Padget Electronics has received approval from Government of India under Production Linked Incentive Scheme for manufacturing of Mobile Phones (Domestic Companies).

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.

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