Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Dixon Technologies (India) Ltd rose 2.8% today to trade at Rs 16261.05. The BSE Consumer Durables index is up 0.32% to quote at 60254.59. The index is up 4.41 % over last one month. Among the other constituents of the index, PG Electroplast Ltd increased 0.78% and Bata India Ltd added 0.5% on the day. The BSE Consumer Durables index went up 1.78 % over last one year compared to the 2.25% surge in benchmark SENSEX.
Dixon Technologies (India) Ltd has added 13.56% over last one month compared to 4.41% gain in BSE Consumer Durables index and 0.9% rise in the SENSEX. On the BSE, 5137 shares were traded in the counter so far compared with average daily volumes of 1.03 lakh shares in the past one month. The stock hit a record high of Rs 19149.8 on 17 Dec 2024. The stock hit a 52-week low of Rs 10613 on 23 Jul 2024.
Atul B. Lall, vice chairman and managing director of Dixon Technologies (India), added that 'Acquiring majority stake in Qtech India is a major step forward in Dixon’s journey foraying into development and production of camera modules and fingerprint recognition modules across mobile handsets, IoT devices and automotive applications thereby strengthening backward integration plans of the company. The proposed acquisition of a majority stake in Q Tech India aligns with our long-term vision to be a leading enabler in India’s electronics manufacturing ecosystem by combining Q Tech’s technological expertise with Dixon’s manufacturing scale and operational excellence.'
In a separate development, Dixon also entered into a binding term sheet with Chongqing Yuhai Precision Manufacturing Co. to form a joint venture in India. Under the proposed structure, Dixon will hold a 74% stake, while Chongqing will own 26%. The JV will engage in the manufacturing and supply of precision components for laptop, mobile phones, IoT, automotive and any other products in India.
Commenting on this alliance, Lall added, 'We are delighted to announce our strategic collaboration with Chongqing Yuhai Precision Manufacturing Co., a global leader in mechanical enclosures through a prospective joint venture. This joint venture with Chongqing will focus on manufacturing precision mechanical & metal parts & components for a wide range of applications including laptops, mobiles, IoT, automotive which is a significant step in our effort towards localisation of key components, deepening backward integration in Dixon value chain & supporting the Make in India initiative of the government. We look forward to combining Chongqing's deep technical expertise with Dixon’s robust manufacturing infrastructure & customer access. This will mark a significant step forward in our continued journey to strengthen India’s electronics manufacturing ecosystem through high-precision components and advanced technologies. We look forward to mutually enrich this relationship that creates long-term value for our customers and stakeholders.'
Dixon Technologies is a design-led solutions provider engaged in manufacturing products across consumer durables, lighting, and mobile phone segments in India.
The company is scheduled to announce its Q1 results on 22 July 2025.
On a consolidated basis, net profit of Dixon Technologies (India) surged 321.16% to Rs 400.82 crore while net sales soared 120.97% to Rs 10292.54 crore in Q4 March 2025 over Q4 March 2024.