Dixon Tech share price: The company's net profit rose nearly 72% YoY to Rs 670 crore in the July-September quarter of the financial year 2026.
Asus plans to expand its physical presence significantly, targeting 400–450 exclusive stores by end-2026, up from 320 currently
Dixon Technologies share price: Revenue from the mobile and other EMS segments surged 125 percent year-on-year to Rs 11,663 crore.
Health and hygiene company Eureka Forbes has come into a partnership with Dixon Technologies for assembly, manufacture and supply of robotic vacuum cleaners.
The expansion comes amid a shifting geopolitical landscape, as brands seek to diversify their supply chains
Foxconn could get as much as Rs 600 crore and Dixon Rs 100 crore if the government releases the funds, the people said, asking not to be identified as the matter isn’t public. The government is reviewing the two requests, the people said.
Among electronics manufacturing service providers, Dixon share price slipped the most, falling 8 percent, followed by Amber Enterprises and Kaynes Tech, which lost around 4 percent each.
Aside of Dixon Tech, Cellecor Gadgets recently signed a pact with EPACK Durable for home appliances. Dixon's Atul Lall said the collaboration enhances company's reach in the refrigerator segment.
Dixon Technologies shares have been giving positive monthly returns since February 2024, and so far in December, the stock has gained over 20 percent.
Dixon remains optimistic about its long-term growth, expecting mobile to be the largest revenue driver, followed by IT hardware.
At the close, the Sensex was up 97.84 points or 0.12 percent at 82,988.78, and the Nifty was up 27.30 points or 0.11 percent at 25,383.80. About 2,080 shares advanced, 1,862 shares declined, and 85 shares unchanged.
The company said it is upbeat on its growth outlook, expects good traction from all verticals in FY25, setting it on track to exceed the estimated Rs 3,000 crore revenue target and EBITDA margin target of 15%.
“Gold, much more so than any other commodity, is about sentiment and psychology.”—Peter Lynch
Dixon Technologies' stock slipped after the company projected slower growth for FY25 due to its current ramp-up phase, despite setting ambitious revenue targets.
According to Nuvama estimates, out of the 7 stocks - Dixon Tech will see the maximum inflows worth $313 million, followed by Vodafone Idea at $285 million
An interesting fact: Shares of Dixon Tech surpassed the price target set by Morgan Stanley, in a move triggered by the ratings upgrade.
The company will undertake the manufacturing of Acerpure products in its facilities starting with TVs, subject to signing of definitive agreements.
Dixon has underperformed the broader market and with expectations of a limited upside, it can slide towards Rs 4,900, the brokerage has said
CLSA has an “outperform” call on Dixon Technologies with a target price of Rs 5,675, a 6 percent upside from the closing price of October 26
The facility will have a capacity to manufacture up to 5 lakh Acer laptops annually. "Acer India, the leading PC brand, and Dixon Technologies have partnered for the manufacturing of laptops at Dixon’s state-of-the-art manufacturing facility situated in Noida," the joint statement said.
Dixon has set up a manufacturing unit with an annual capacity of 7 million 5G millimetre (mm) phones and is setting up another factory with annual capacity of 30 million smartphones in Noida.
Net Sales are expected to increase by 37.3 percent Y-o-Y (down 16.8 percent Q-o-Q) to Rs. 1,364.1 crore, according to Yes Securities.
The stock has corrected significantly. At the current market price it has priced in most of the negative factors, namely liquidity issues.