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Read MoreShares of Dixon Technologies Ltd rallied 9% to hit a 52-week of ₹6,034.95 in Friday’s (December 1) trade following the launch of a Xiaomi smartphone manufacturing facility in Noida.
Dixon Technologies subsidiary Padget Electronics has opened a smartphone manufacturing facility in the Noida, Uttar Pradesh, and it has started production of smartphones for global technology giant Xiaomi
“It’s a momentous step towards our commitment of boosting local smartphone manufacturing system in India. We believe that this association will leverage our excellence and superior execution and Xiaomi’s expertise and leadership in Indian business ecosystem,” Sunil Vachani, executive chairman of Dixon Technologies, said at the opening ceremony.
Electronics manufacturing services firm Dixon Technologies Ltd. expects to close the current fiscal with a revenue of around Rs 19,000 crore
the company has plans to double its headcount over the next two years.
Summary
1.Why is Dixon rising?
2.Dixon Technologies shares hit 52-week high
3.Business Development :
-subsidiary launches new plant to make Xiaomi phones
-Dixon Expects Rs 19,000 Crore Revenue This Fiscal
4.Fundamental Analysis
5.My Earlier Recommendations
6.Technical Analysis
7.Testimonials
8.Communication Channels
Lamont Shaun
#DIXON 5951 : Targets 6250, 7000, 7650 & 8550 Stoploss 5770 & 5260
