Dixon Technologies

Dixon Technologies stock gains as its arm inaugurates smartphone manufacturing plant in Uttar Pradesh

About new plant

Dixon Technologies’ wholly owned subsidiary - Padget Electronics has inaugurated a new state-of-the-art smartphone manufacturing plant in the Noida district, Uttar Pradesh, on November 30, 2023. The latest manufacturing facility by Padget Electronics, which is the smartphone manufacturing subsidiary of Dixon Technologies, has commenced the production of smartphones for global technology giant - Xiaomi India in Q3, 2023.

The said state-of-the-art manufacturing facility at Noida is built across 2.7 lakh square feet and at an annual capacity of 25 million units, the new manufacturing plant represents a significant stride in India’s efforts to bolster its footprint in local smartphone manufacturing.

Share price movement

Dixon Technologies (India) is currently trading at Rs 5,638.95, up by 130.05 points or 2.36% from its previous closing of Rs 5,508.90 on the BSE. The scrip opened at Rs 5,526.10 and has touched a high and low of Rs 5,642.00 and Rs 5,516.30 respectively. So far 8960 shares have been traded on the counter.

The BSE group ‘A’ stock of face value of Rs 2 has touched a 52-week high of Rs 5,680 and a 52-week low of Rs 2,554.95. Last one week high and low of the scrip stood at Rs 5,680 and Rs 5,275 respectively. The current market cap of the company is Rs 33,489.87 crore. The promoters holding in the company stood at 33.80%, while Institutions and Non-Institutions held 43.10% and 23.10% respectively.

About the company

Dixon Technologies (India) is a leading Indian design-focused solutions company that specialises in manufacturing consumer electronics, lighting, and mobile phones. Established in 1993, the company has diversified its product portfolio to keep pace with changing consumer trends and technology developments. Dixon’s diversified product portfolio includes consumer electronics like LED TVs, home appliances like washing machines, lighting products like LED bulbs and tube lights, downlighters, CFL bulbs, and mobile phones.

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