Introduction:
Leading electronics manufacturer has partnered with a global smartphone brand to form a joint venture for producing electronic devices, including smartphones. This strategic move aims to boost India’s OEM manufacturing capabilities and drive growth in the electronics sector.
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Share price movement of Dixon:
On December 16, 2024, Dixon Technologies opened at ₹18,300.00, up 1.91% from its previous close of ₹17,957.75. The stock reached a high of ₹18,643.75 (3.81%) and a low of ₹18,145.00. By 9:57 AM, it traded at ₹18,596.20, a 3.56% increase, with a market cap of ₹1,11,782.04 crore.
Dixon and Vivo collaborate:
Dixon Technologies and Vivo India have signed a binding term sheet for a joint venture to manufacture electronic devices, including smartphones. The agreement was executed on December 15, 2024, marking a significant milestone for both companies.
Dixon will hold a 51% stake, while Vivo India will hold 49% in the proposed entity. The facility will handle a portion of Vivo’s smartphone OEM orders in India and may also manufacture electronic products for other brands.
The joint venture is subject to regulatory approvals and completion of necessary conditions. This collaboration highlights Dixon and Vivo India’s commitment to strengthening India’s manufacturing capabilities in the electronics sector.
Recent news on Dixon:
As of November 13, 2024, Dixon Technologies, in partnership with Nokia, has started manufacturing fixed broadband devices in India. The Noida facility aims to produce up to 10 million devices annually, meeting the growing demand for FTTH and 5G FWA services.
Stock performance of Dixon for Period of 1 week, 6 months and 1 year:
Dixon Technologies has demonstrated strong performance, with a 3.51% return over the past week, 58.4% over the last six months, and an impressive 184% return over the past year, reflecting robust growth and investor confidence in the company.
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Shareholding pattern of Dixon:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 32.90% | 33.20% | 33.40% |
| FII | 22.70% | 19.30% | 17.90% |
| DII | 23.10% | 26.10% | 27.00% |
| Public | 21.30% | 21.30% | 21.70% |
About Dixon:
Dixon Technologies (NSE: DIXON) is India’s largest homegrown design-focused manufacturing company, offering a diversified portfolio including consumer electronics, home appliances, mobile phones, lighting products, wearables, and telecom hardware, along with reverse logistics and repair services.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
