Brokerages positive on stock; company expected to emerge as major player in India's smartphone manufacturing by FY27
Dixon Technologies, a leading electronic manufacturing services company, has commenced manufacturing fixed broadband devices in India in collaboration with Finnish telecom giant Nokia. This will tap the demand for fixed broadband services in India, which has surged in recent years, led by the rapid adoption of Fiber to the Home (FTTH) and 5G Fixed Wireless Access (FWA) technologies, said a joint statement. A manufacturing setup by Dixon Electro, a step-down unit of Dixon Technologies, will produce up to 10 million devices annually at its facility in Noida, it added. "This collaboration will produce GPON, 5G FWA, and Mesh Wi-Fi devices capable of delivering up to one gigabit per second per home," it said. Nokia's Chennai-based R&D Centre will spearhead the design and development of the devices, with Dixon Electro handling large-scale manufacturing. Besides, this will also create around 3,000 new jobs and contribute to the local economy. Nokia is a market leader in broadband ...
F&O cues for Oct 29: Analysts expect the Nifty to extend gains in case of sustained trade above 24,500 levels; key support on the downside seen at 24,100.
F&O cues for Oct 28: Both FIIs and Proprietary traders hold near about 2 bearish bets in index futures for every bullish trade. In contrast, retail investors hold the opposite position.
FIIs have offloaded Indian equities worth a total of Rs 98,086 crore on the stock exchanges till October 24, data from NSDL showed
Dixon Technologies stock had opened at a record high of Rs 15,999.95.
The PCR (Put Call Ratio) of these 3 stocks is above 1, implying presence of higher open positions in Puts as against Calls, shows the NSE options data.
In Q2FY25, Dixon Technologies; revenue may rise 91 per cent Y-o-Y on robust growth in mobiles & new acquisition, according to analysts at Elara Capital
Derivatives market update for Sept 17: The premium in Nifty Sept futures jumped to 58 pts, and Bank Nifty to 100 pts; whereas, the PCR declined to near 1 levels indicating positive to sideways trend.
In the past one year, Dixon Tech has zoomed 182 per cent, compared to the nearly 23 per cent surge in the BSE Sensex during the same period.
Fair trade regulator CCI on Tuesday granted its approval to Dixon Technologies' proposal to acquire a stake in Aditya Infotech Ltd. Dixon Technologies (India) Ltd is involved in the business of providing Electronic Manufacturing Services (EMS). It provides EMS for lighting solutions, television, washing machines, security systems, wearables and hearables, among others. The regulator also cleared the acquisition of a stake in AIL Dixon Technologies by Aditya Infotech Ltd (AIL). "Commission approves the subscription of certain shares of Aditya Infotech Ltd (AIL) by Dixon Technologies (India) Ltd and the acquisition of certain shares of AIL Dixon Technologies Pvt Ltd by AIL," CCI said in a post on X. AIL Dixon Technologies is a joint venture (JV) company between AIL and Dixon Technologies India. It is engaged in manufacturing and assembling of ESS. During FY24, the JV recorded a revenue of Rs 632.62 crore. Aditya Infotech is engaged in the business of sourcing, distributing and marke
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UBS Principal Capital Asia offloaded 6,86,064 shares at an average price of Rs 13,178.47 per share on Friday. The stake in Dixon Technologies was worth Rs 904.12 crore
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Analysts at Nuvama expect an inflow of $281 million in Dixon Technologies as a result, followed by Vodafone Idea at $278 million
The company is on a high growth path driven by a significant increase in manufacturing volumes for Motorola and Xiaomi. The new facility in Chennai plant is expected to be operational by Q4FY25
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Dixon Technologies said the company, on an average incurs capex of Rs 500 - 600 crore yearly on its capacity building