Exciting News for Dixon Technologies!
Dixon Technologies Stock on the Rise
Guess what? Dixon Technologies (India) has been doing really well in the stock market lately! Their shares have been going up for six days in a row, reaching a record high of Rs 19,148.90 on December 17. That’s awesome!
New Joint Venture with Vivo India
Recently, Dixon signed a deal with Vivo India to start a new manufacturing joint venture. Dixon will own 51% of the venture, while Vivo India will own 49%. This joint venture will make electronic devices, like smartphones, for Vivo India. It’s a big deal!
Positive Growth for Dixon
Since the beginning of 2024, Dixon Technologies’ stock has gone up by over 190%! That’s a lot! In December alone, the stock has gone up by more than 20%. That’s some serious growth!
Exciting Times Ahead
The partnership with Vivo India will help Dixon expand their presence in the Android smartphone market in India. They are also looking into opportunities in the EV sector and are in talks with semiconductor brands for new projects. The future looks bright for Dixon Technologies!
Positive Outlook from Experts
Experts believe that Dixon Technologies will continue to grow even after the government’s Production-Linked Incentive (PLI) scheme ends in FY26. They are optimistic about the company’s long-term growth prospects and believe that their efforts in backward integration will support margins and growth.
Overall, things are looking great for Dixon Technologies. With their new joint venture with Vivo India and plans for expansion into new sectors, the future looks bright for this company!