Dixon Tech shares drop 13% post Q2 results
Revenues of the mobile division grew 235% year-on-year to ₹9,440 crore.
Revenues of the mobile division grew 235% year-on-year to ₹9,440 crore.
Lall aligns Dixon’s strategy with Make In India to build an electronics behemoth.
Dixon Technologies MD and vice chairman Atul Lall recently said that manufacturing for a global brand through Compal is expected to commence by September 24.
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 insurer can comply with norms of 25% minimum public shareholding by May 2032
According to the company, the contract is subject to the signing of a definitive agreement in due course.
From its 52-week low of ₹2,555 on January 30, 2023, Dixon Tech stock has risen 136% in the last ten months to touch a new record high of ₹6,034.75 intraday today.
Sunil Vachani is building scale and leveraging product design to make Dixon a more globally competitive contract manufacturing firm.
The manufacturing shall take place at Padget's manufacturing facility situated in Noida, says the company.