Dixon Technologies share price is trading at ₹17,379.90 as of 11:15 AM on December 4, 2024, marking a gain of 3.04% or ₹513.45 in today’s session. The stock opened at ₹16,899.00 and reached an intraday high of ₹17,400.00, which is also its 52-week high, with a low of ₹16,899.00 for the day.
This surge came after the company’s wholly-owned subsidiary, Padget Electronics, announced it would begin mass production of Google Pixel smartphones. This production will be in collaboration with Compal Smart Device India for Google’s client, Google Information Services India. The manufacturing will take place at Padget’s Noida plant, following a contract signed with Compal Smart Device India in February.
Over the past year, the stock has seen significant growth, rsing from a 52-week low of ₹5,782.85 to its current peak. Its share price has seen a remarkable surge, increasing by 188.96% over the past year and a staggering 2,413.40% over the past five years.
In a related development, India’s Ministry of Electronics and Technology is considering a ₹40,000 crore incentive package to boost local electronic component manufacturing. If approved, this could lead to increased local production, especially for key components like Printed Circuit Boards (PCBs), camera modules, display sub-assemblies, and lithium-ion cells.
Dixon Technologies reported a 264% year-on-year (YoY) increase in net profit, reaching ₹411.7 crore for the quarter ending September. This included an exceptional gain of ₹209.6 crore. The company’s revenue from operations surged by 133% to ₹11,534 crore.
Dixon Technologies (India) Limited, founded in 1993, is an Electronic Manufacturing Services (EMS) company. It specialises in producing electronic products like consumer electronics, lighting, home appliances, CCTV cameras, and mobile phones. The company also handles reverse logistics and manufactures security equipment, wearables, audio devices, and AC-PCBs. Recently, Dixon Technologies formed a joint venture with Imagine Marketing Private Limited to design and manufacture wireless audio solutions in India.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 4, 2024, 11:54 AM IST
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