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Jan 03, 2018 11:35 AM IST | Source: Moneycontrol.com

Dixon Technologies up 4% as JV starts manufacturing of CCTVs, DVRs

The products will be manufactured at company’s manufacturing facility situated at Tirupati, India.

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Shares of Dixon Technologies gained 4 percent intraday Wednesday as it has started manufacturing of CCTVs and DVRs.

AIL Dixon Technologies, a joint venture company of Dixon Technologies (India) commenced manufacturing of CCTVs and DVRs on January 2, 2018.

The products will be manufactured at company’s manufacturing facility situated at Tirupati, India.

Atul B. Lall, Managing Director, Dixon Technologies (India) said, “We are glad to partner with Aditya InfoTech who are the pioneers and the leaders in this space."

"Association with a brand like CP Plus is another golden feather in the Dixon’s Cap and we are positive that this association is going to create several new milestones for both the company and Aditya Infotech,” he added.

Dixon Technologies (India) is the largest home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India.

At 11:27 hrs Dixon Technologies was quoting at Rs 4,212, up Rs 77.95, or 1.89 percent on the BSE.

The share touched its 52-week high Rs 4,490.85 and 52-week low Rs 1,766 on 26 December, 2017 and 17 September, 2017, respectively.

Currently, it is trading 6.21 percent below its 52-week high and 138.51 percent above its 52-week low.

Posted by Rakesh Patil
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