Dixon Technologies shares surged 2.6% to hit a new record high of ₹7,045.25 today after its subsidiary signed a contract with Compal Smart Device India; it also launched a new factory in Uttarakhad.
The April-June quarter should record a growth of 30%-35% over April-June quarter of 2019, says Manish Sharma, chairman & CEO at Panasonic India and South Asia.
The company, co-owned by celebrity chef Sanjeev Kapoor and entrepreneur Ravi Saxena, looks at the quality conscious customer in the thriving pricey consumer durables market as the target audience.
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.