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Under the proposed structure, Dixon Technologies will hold 60% stake in Dixon Electroconnect, while Gemtek will own the remaining 40%, following completion of the transaction. Dixon Electroconnect, currently a wholly owned subsidiary of Dixon, will be converted into the joint venture entity.
The JV will focus on manufacturing optical transceiver products such as SFP (Small Form-Factor Pluggable) modules, BOSA (Bidirectional Optical Subassembly) and other telecom components as mutually agreed by the partners.
Dixon Electroconnect is also a beneficiary under the Electronics Components Manufacturing Scheme (ECMS), the company said.
The completion of the transaction is subject to execution of definitive agreements, fulfilment of customary conditions precedent, and receipt of regulatory and statutory approvals.
Atul B. Lall, Vice Chairman and Managing Director of Dixon Technologies (India), added that “We are pleased to announce the strategic Joint Venture partnership between Dixon Technologies (India) and Gemtek Technology, marking Dixon’s official entry into the rapidly growing Data centre, telecom & Optical connectivity ecosystem. Combining Dixon’s large-scale manufacturing capabilities with Gemtek’s global expertise in high speed optical modules, telecom infrastructure & networking technologies, the proposed joint venture will manufacture optical transceivers, BOSA modules and advanced networking equipment to address the growing demand driven by AI, cloud & Edge computing, hyperscale data centres, high speed networking and next gen optical communication solutions. This partnership reflects our shared vision of fostering innovation, strengthening indigenous electronics manufacturing and building globally competitive technology supply chains in line with the Government of India’s “Make In India” initiative. The Participation of Dixon Electroconnect as a beneficiary under ECMS further strengthens Dixon’s position in the global electronics value chain.”
Howard Chen, Chairman of Gemtek Technology, states 'We are pleased to establish this strategic joint venture partnership with Dixon, a manufacturing leader in India. This represents an important step in Gemtek’s global footprint and reinforces our commitment to expanding our optical communication business. We aim to build a highly competitive supply chain to address the evolving demands for high-speed network and data center infrastructure driven by cloud and edge computing in the AI era.'
Dixon Technologies (India) is a design-led solutions provider engaged in manufacturing products across consumer durables, lighting, and mobile phone segments in India.
Dixon Technologies (India) reported a 35.91% decline in consolidated net profit to Rs 297.97 crore on a 2.12% increase in revenue from operations to Rs 10,510.51 crore in Q4 FY26 over Q4 FY25.
Consumer durables shares jumped for second consecutive trading session.
At 12:25 IST, the barometer index, the S&P BSE Sensex advanced 330.81 points or 0.44% to 74,890.05. The Nifty 50 index added 105.25 points or 0.46% to 23,485.80.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index climbed 1.18% and the BSE 250 SmallCap Index jumped 0.87%.
The market breadth was strong. On the BSE, 2,477 shares rose and 1,496 shares fell. A total of 199 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 1.11% to 19.50. The Nifty 26 May 2026 futures were trading at 23,529, at a premium of 43.2 points as compared with the spot at 23,485.80,
The Nifty option chain for the 26 May 2026 expiry showed a maximum call OI of 60.9 lakh contracts at the 24,000 strike price. A maximum put OI of 46.1 lakh contracts was seen at the 23,000 strike price.
Buzzing Index:
The Nifty Consumer Durables index advanced 2.07% to 35,351.85. The index had declined 5.26% in the last two sessions.
Dixon Technologies (India) (up 5.22%), Voltas (up 2.41%), Blue Star (up 1.77%), LG Electronics India (up 1.73%), Amber Enterprises India (up 1.71%), PG Electroplast (up 1.39%), Kajaria Ceramics (up 0.98%), Bata India (up 0.66%), Havells India (up 0.49%) and Titan Company (up 0.42%) surged.
Stocks in Spotlight:
Puravankara rose 0.73%. The company said that it has received an order from Innmar Tourism and Hotels for execution of civil, structural, waterproofing and allied works for the Westin Hotel project. The contract is an item-rate agreement with an estimated value of Rs 57.80 crore, excluding applicable taxes, duties and levies. The project is scheduled to be executed over a period of 20 months.
Sai Silks (Kalamandir) surged 9.13% after the company reported strong profit growth for the quarter ended 31 March 2026. Consolidated profit after tax stood at Rs 32.65 crore in Q4 FY26, up 141.67% from Rs 13.51 crore in Q4 FY25. However, profit declined 14.39% sequentially from Rs 38.14 crore in Q3 FY26. Revenue from operations increased 5.07% YoY to Rs 419.06 crore in Q4 FY26 from Rs 398.84 crore in the corresponding quarter last year. Revenue rose 1.90% sequentially from Rs 411.25 crore in Q3 FY26.
On Tuesday, Dixon Technologies (India) reported a 35.91% decline in consolidated net profit to Rs 297.97 crore on a 2.12% increase in revenue from operations to Rs 10,510.51 crore in Q4 FY26 over Q4 FY25. Profit before tax (PBT) tanked 35.81% YoY to Rs 369.76 crore during the quarter.
EBITDA rose 9% to Rs 493 crore in Q4 FY26, compared with Rs 454 crore in Q4 FY25. EBITDA margin improved to 4.7% in Q4 FY26 as against 4.4% in Q4 FY25.
In Q4 FY26, revenue from the Mobile & Other EMS Division stood at Rs 9,485 crore (up 4.21% YoY), while Home Appliances was at Rs 329 crore (up 8.94% YoY), and Consumer Electronics & Appliances (LED, TV & Refrigerator) stood at Rs 956 crore (up 1.16% YoY).
Dixon Technologies (India)'s board recommended a final dividend of Rs 10 per equity share of face value Rs 2 each for FY26. The dividend, if approved by shareholders at the ensuing 33rd AGM, will be credited/dispatched within 30 days from the date of the AGM.
In the cash market, the Nifty 50 index added 33.05 points or 0.14% to 23,412.60.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.75% to 19.43.
Dixon Technologies (India), Cipla and HDFC Bank were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The May 2026 F&O contracts will expire on 26 May 2026.
For the full year,net profit rose 31.32% to Rs 1438.64 crore in the year ended March 2026 as against Rs 1095.54 crore during the previous year ended March 2025. Sales rose 25.77% to Rs 48872.80 crore in the year ended March 2026 as against Rs 38860.10 crore during the previous year ended March 2025.
The counter fell 5.87% to settle at Rs 10,138.50 on the BSE.
Dixon Technologies (India) Ltd gained 4.13% today to trade at Rs 10210. The BSE Consumer Durables index is up 1.18% to quote at 56503.51. The index is down 2.11 % over last one month. Among the other constituents of the index, Havells India Ltd increased 1.87% and Asian Paints Ltd added 1.86% on the day. The BSE Consumer Durables index went up 6.86 % over last one year compared to the 4.97% surge in benchmark SENSEX.
Dixon Technologies (India) Ltd has lost 11.24% over last one month compared to 2.11% fall in BSE Consumer Durables index and 6.91% drop in the SENSEX. On the BSE, 65306 shares were traded in the counter so far compared with average daily volumes of 58151 shares in the past one month. The stock hit a record high of Rs 18471.5 on 25 Sep 2025. The stock hit a 52-week low of Rs 9620 on 09 Mar 2026.
In the cash market, the Nifty 50 index fell 98.25 points or 0.39% to 25,320.65.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was up 1.96% to 13.63.
Vedanta, Hindustan Zinc and Dixon Technologies (India) were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The February 2026 F&O contracts will expire on 24 February 2026.