Dixon Technologies (India) Ltd (DIXON)

Dixon Technologies Reports Strong YoY Growth in Revenue and Net Profit - 18 May, 2024

Dixon Technologies (India) Ltd reports a 45% YoY growth in revenue, generating Rs. 17,690.9 Crores in FY24. The company's net profit also grew by 47% YoY to Rs. 374.92 Crores in FY24.

Dixon Technologies Stock Surges After Signing MoU With Acerpure - 17 May, 2024

Dixon Technologies (India) Ltd. saw its shares soar by almost 206% from its 52-week low of ₹2,965.85, hit on May 18, 2023. The company has entered into an MOU with Acerpure India CE Private Limited for the manufacturing of a range of consumer appliance products. While most brokerages maintained their cautious view, Morgan Stanley upgraded the stock to equal-weight from an earlier underweight rating post its March quarter results.

Mixed Analyst Ratings Despite Strong Q4 Results from Dixon Technologies - 16 May, 2024

Despite strong Q4 results, Dixon Technologies has mixed analyst ratings with some maintaining sell recommendations citing high valuations and missed estimates due to low-margin businesses.

Dixon Technologies Reports Strong Q4FY24 Results - 15 May, 2024

Dixon Technologies (India) Ltd. reported strong Q4FY24 results with a net profit of Rs.97 crore, up 20-21% YoY, and a surge in quarterly revenue by 52%. The company also declared a dividend of Rs.5 per equity share for FY24.

Foreign Investors and DIIs Increase Stake in Dixon Technologies - 14 May, 2024

Foreign investors have increased their stake in Dixon Technologies from 17.4% to 17.9%, while DIIs have also increased their shareholding to 27%. The stock has surged by 175% in the last year.

Dixon Technologies to Develop and Manufacture Telecom Products for Nokia - 09 May, 2024

Dixon Electro Appliances, a subsidiary of Dixon Technologies (India), has signed an agreement with Nokia to develop and manufacture telecom products at its facility in Noida. The collaboration is expected to boost India's manufacturing competitiveness.

Dixon Subsidiary Signs Agreement with Nokia for Telecom Products Manufacturing - 08 May, 2024

Dixon Technologies' subsidiary, Dixon Electro Appliances, has signed an agreement with Nokia for the development and manufacturing of telecom products at its Noida facility. The company is also exploring opportunities in the lighting business and plans to launch new professional and industrial lighting solutions while tapping into outsourcing opportunities for brands.

Dixon Technologies Subsidiary Partners with Nokia for Telecom Products - 07 May, 2024

Dixon Technologies subsidiary, Dixon Electro Appliances Private Limited (DEAPL), has partnered with Nokia Solutions and Networks OY for the development and manufacturing of telecom products at DEAPL's Noida facility in Uttar Pradesh.

Dixon Subsidiary Partners with Longcheer Mobile India - 29 Apr, 2024

Dixon Technologies' subsidiary, Padget Electronics, has partnered with Longcheer Mobile India to manufacture and sell smartphones for top Chinese brands in India, providing access to Longcheer's customer base. Mutual fund ownership and FII bets on Dixon have also risen significantly over the past year.

Dixon Technologies Expands with New Facility and Strategic Acquisitions - 26 Apr, 2024

Dixon Technologies is expanding its production capacities with a new facility in Dehradun and exploring strategic acquisitions, including purchasing a major stake in Transsion Holdings Indian unit. The company's financial performance reflects robust growth with double revenue and profit last year and projections indicating continued strong growth in earnings and revenue above market averages. However, there has been notable executive turnover which could impact operational continuity.

Reliance Retail in Talks with Dixon Technologies for Manufacturing Contracts - 24 Apr, 2024

Dixon Technologies is reportedly in discussions with Reliance Retail to manufacture products under its new brand, Wyzr. The move aims to compete with multinational companies in India's consumer electronics and home appliances market.

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.