Dixon Technologies (India) is currently trading at Rs. 3510.25, up by 28.30 points or 0.81% from its previous closing of Rs. 3481.95 on the BSE.
The scrip opened at Rs. 3482.00 and has touched a high and low of Rs. 3542.50 and Rs. 3482.00 respectively. So far 12083 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4588.00 on 18-Mar-2021 and a 52 week low of Rs. 700.00 on 07-Apr-2020.
Last one week high and low of the scrip stood at Rs. 3720.00 and Rs. 3420.00 respectively. The current market cap of the company is Rs. 20576.88 crore.
The promoters holding in the company stood at 35.06%, while Institutions and Non-Institutions held 35.54% and 29.40% respectively.
Dixon Technologies has entered into Memorandum of understanding (MoU) with Bharti Enterprises to form a Joint venture (JV). Dixon’s wholly owned subsidiary- Dixon Electro Appliances or any other Company identified by the parties will be the JV Company which will undertake manufacturing of telecom and networking products like modems, routers, set top boxes, IOT devices, etc for the telecom sector/industry including Airtel.
The said JV Company will file necessary applications with the Ministry of Communications or any other nodal agency to avail benefits under the PLI Scheme of Government of India. Post execution of mutually acceptable agreements by the parties, the JV Company will be 74% owned by Dixon & 26% owned by Bharti Enterprises.
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.
| Company Name | CMP |
|---|---|
| LG Electronics India | 1578.40 |
| Dixon Technologies | 11374.00 |
| IFB Industries | 1116.00 |
| Honeywell Automation | 32808.35 |
| Elin Electronics | 119.75 |
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