Dixon Technologies hits new high; stock zooms 290% from March low

Despite the disruption in operations due to the Covid-19 pandemic-related lockdown, Dixon Technologies has witnessed strong recovery in business post easing of Covid-19-related curbs

Shares of Dixon Technologies (India) rose 4 per cent and hit a new high of Rs 11,325 on the BSE on Thursday. The stock was trading higher for the fifth straight day.

In the past one week, the consumer electronics company's stock has rallied 12 per cent, against 1 per cent rise in the S&P BSE Sensex. It zoomed 291 per cent from its 52-week low of Rs 2,900, touched on March 24, 2020.

Dixon Technologies has operations in consumer electronics, lighting, home appliance, and mobile phone segments and also undertakes reverse logistics operations. Besides, the company undertakes