Dixon Technologies (India) Ltd Share Price (DIXON)

Dixon Technologies Shares Rise After Smartphone Manufacturing Agreement - 22 Apr, 2024

Dixon Technologies has entered into a smartphone manufacturing and sales agreement with Longcheer Mobile India Private Limited, leading to a 3.2% increase in its share price. Investec recommends buying the stock and raised the target price to Rs 8650.

Dixon Subsidiary Partners with Longcheer for Smartphone Manufacturing - 19 Apr, 2024

Dixon Technologies' subsidiary, Padget Electronics, has signed an agreement with Longcheer Mobile India to manufacture and sell smartphones for global brands. The collaboration aims to enhance Padget Electronics offerings in the smartphone market by leveraging Longcheer's expertise in design and technology. During Q3 FY24, Dixon reported a significant increase in its consolidated revenue from operations, EBITDA, and net profit.

Dixon Technologies Revenue Expected to Rise 50% YoY in FY24 - 15 Apr, 2024

Dixon Technologies is expected to see a near 50% YoY growth in revenue for FY24, driven by growth in mobile and electronic manufacturing services. Despite this positive outlook, shares were trading lower amid broader market losses, despite HSBC maintaining a buy rating with a target price of Rs 8,400.

Dixon Technologies anticipates steady growth for room air-conditioner segment - 14 Apr, 2024

Sunil Vachani, Executive Chairman of Dixon Technologies, predicts a steady growth for the room air-conditioner segment due to pent-up demand post-pandemic, technological advancements driving energy efficiency and smart connectivity, regulatory support for sustainability, and changing climate patterns.

Dixon Technologies Partners and Acquires Stake in Two Firms - 12 Apr, 2024

Dixon Technologies has partnered with Dassault Systemes to revamp its global manufacturing operations, while also acquiring a majority stake in Ismartu India for Rs 238 crore. The tie-ups have the potential to increase export share over the medium term, according to Kotak Institutional Equities.

Dixon Technologies to Acquire Majority Stake in Ismartu - 10 Apr, 2024

Dixon Technologies has signed a share purchase agreement with Ismartu In Pte. Ltd., to acquire up to 56% equity stake in the latter in two tranches. Kotak Institutional Equities has increased its price target by 13% to ₹5,200 per share, citing Dixons acquisition of Ismartu at an attractive valuation of 10 times its financial year 2026 earnings estimate will help the company further expand its market share in the domestic smartphone market.

Dixon Tech Acquires Majority Stake in Ismartu India - 09 Apr, 2024

Dixon Technologies is set to acquire a 50.1% stake in Ismartu India, a subsidiary of Transsion Technology Limited, for strategic business expansion in the mobile phone manufacturing industry.

Dixon Technologies Explores Partnerships, Acquisition Opportunities - 08 Apr, 2024

Dixon Technologies is exploring the possibility of acquiring a majority stake in Transsion Holdings' Indian unit. Additionally, Oppo and Vivo have initiated talks with Dixon for potential partnerships in their India operations.

Dixon Technologies Diversifies and Outperforms Industry Average - 04 Apr, 2024

Dixon Technologies (India) Ltd's top line surges by 49% in the first nine months of FY24 as it diversifies into new categories like mobile handsets and refrigerators. The company's ROCE outpaces the industry average at 27%, and its stock has rewarded shareholders with a remarkable 1,507% return over the past five years.

Dixon Technologies Shares Available at Attractive Valuations - 01 Apr, 2024

Stock market experts suggest that Dixon Technologies shares are available at an attractive valuation with a PE multiple of 17, compared to the industry PE of 14. The company's balance sheet is strong and has gained faith from institutional investors, including mutual funds and DIIs like LIC, Max Life Insurance, and ICICI Prudential Life Insurance.