Dixon Technologies (India) rose 0.57% to Rs 3973.05 after the company said it entered into agreement with Samsung India Electronics for manufacturing of LED TVs.
The stock traded in the range of Rs 4022.75 and Rs 3950 so far during the day.In an exchange filing made after market hours on Friday, 3 January 2020, Dixon Technologies (India) (Dixon) said it has entered into agreement with Samsung India Electronics (Samsung) for manufacturing of LED TVs. Dixon shall be manufacturing LED TV for Samsung from its manufacturing facility located at Tirupati, Andhra Pradesh.
Dixon 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.
The company reported 162% jump in consolidated net profit to Rs 43.04 crore on a 89.8% rise in net sales to Rs 1401.98 crore in Q2 September 2019 over Q2 September 2018.
The scrip continued to extend gains for third straight sessions as it has risen 4.93% from its recent closing low of Rs 3786.05 recorded on 1 January 2019.
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