29 Oct 2024

Dixon Technologies Shares Rise on MoU with Cellecor Gadgets for Washing Machine Manufacturing

Dixon Technologies' stock is trading at Rs. 14,460.00, marking an increase of 217.75 points or 1.53% from its previous close of Rs. 14,242.25 on the BSE.

The stock opened at Rs. 14,347.95, hitting a peak of Rs. 14,475.00 and a low of Rs. 14,211.15 during the session, with 11,816 shares traded. With a face value of Rs. 2, the BSE 'A' group stock hit a 52-week high of Rs. 15,999.95 on October 25, 2024, and a low of Rs. 5,080.00 on October 30, 2023. In the past week, the stock fluctuated between Rs. 15,999.95 and Rs. 13,055.30. The company's current market cap stands at Rs. 86,314.29 crore.

Promoters hold 32.89% of Dixon Technologies' shares, with institutions holding 45.83% and non-institutions holding 21.28%.

Dixon Technologies recently signed a Memorandum of Understanding (MoU) with Cellecor Gadgets, aiming to manufacture washing machines and related components for the latter. This collaboration will help Dixon expand its customer reach in the washing machine segment, while both companies aim for enhanced efficiencies and competitive growth through this partnership.

Cellecor Gadgets is recognized in the consumer electronics sector for its advanced, innovative technology. Dixon Technologies stands as India’s largest home-grown design-centric company, producing consumer durables, lighting, and mobile phones.