10 Sep 2024

Dixon Technologies Shares Rise Following MoU with HP India Sales

Dixon Technologies (India) saw its stock rise to Rs. 12,629.90, an increase of 244.25 points or 1.97% from the previous close of Rs. 12,385.65 on the BSE.

The stock opened at Rs. 12,640.05, reaching a high of Rs. 12,675.10 and a low of Rs. 12,539.90 during the day, with 1,200 shares changing hands.

Classified as a 'Group A' stock on the BSE, Dixon Technologies, with a face value of Rs. 2, hit a 52-week high of Rs. 13,633.35 on 26-Aug-2024 and a low of Rs. 4,738.00 on 25-Sep-2023. In the past week, the stock ranged between Rs. 12,977.20 and Rs. 12,040.00. The company's current market capitalization is Rs. 74,111.51 crore.

As for ownership, promoters hold 33.24% of the company's shares, while institutions control 45.41%, and non-institutional investors hold 21.35%.

Dixon Technologies' fully-owned subsidiary, Padget Electronics, has signed a Memorandum of Understanding (MoU) with HP India Sales to manufacture notebooks, desktops, and All-in-One PCs. The agreement is subject to further definitive contracts being signed.

HP is a leading provider of personal computing, printing products, and technology solutions globally.

Dixon Technologies is a key player in India, known for its design-focused manufacturing of consumer durables, lighting, and mobile phones.