In the proposed JV, Dixon Tech will hold a 51% stake, while Vivo India will hold the remaining 49%. It will focus on original equipment manufacturing (OEM) of electronic devices, including smartphones. 'The parties will agree on an optimum structure and the relevant terms and conditions to be set out in the definitive agreements. The transaction will be subject to execution of such definitive agreements, completion of customary conditions precedent, and receipt of applicable regulatory approvals, including as required under the foreign exchange control laws of India,' the firm stated in an exchange filing. Atul B. Lall, vice chairman and managing director of Dixon, said, 'It gives us immense pleasure to partner with Vivo India, which is an iconic global brand, and we see them as an ideal strategic partner that shares our core values of quality, engineering prowess, and customer satisfaction. We believe that this association will bolster our manufacturing excellence and superior execution abilities and Vivo's leadership in the Indian business ecosystem.' Jerome Chen, CEO of Vivo India, said, 'We are delighted to sign a term sheet with Dixon, which boasts rich localized management experience and outstanding professional manufacturing prowess. The proposed joint venture will undertake part of Vivo's OEM orders of smartphones in India and can also engage in OEM business of various electronic products of other brands. This partnership will effectively complement the current manufacturing operations of Vivo India.' Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity. The company's consolidated net profit surged 263.3% to Rs 536.49 crore on a 133.3% jump in net sales to Rs 11,534.08 crore in Q2 FY25 over Q2 FY24. The counter hit a new life high of Rs 18,739.95 intraday today. Powered by Capital Market - Live

Securities in F&O Ban: Granules India, Hindustan Copper, Metropolis Healthcare, Manappuram Finance, National Aluminium, PVRInox, RBL Bank, SAIL. Stocks to watch: RITES, an engineering consultancy company, has secured an order worth Rs 297.67 crore from the Ministry of External Affairs, Government of India. Lupin has announced the acquisition of anti-diabetes trademarks GIBTULIO, GIBTULIO MET and AJADUO from Boehringer Ingelheim International GmbH (Boehringer Ingelheim), to strengthen its diabetes portfolio in the country. HBL Power Systems has received an order worth Rs 1,522.40 crore from Chittaranjan Locomotive Works (CLW) for the supply, installation and commissioning of the KAVACH (Train Collision Avoidance System) equipment in locomotives. Zinka Logistics Solutions (BlackBuck) reported consolidated net loss of Rs 269.46 crore in Q2 FY25 as compared with net loss of Rs 47.66 crore posted in the corresponding quarter last year. Revenue from operations jumped 55.89% YoY to Rs 98.77 crore in Q2 FY25. Aeroflex Industries said that its board has approved a proposal for raising of funds by way of issuance of such number of equity shares for an aggregate amount not exceeding Rs 400 crore by way of qualified institutions placement (QIP). Aurobindo Pharma has announced that its wholly owned subsidiary, CuraTeQ Biologics, has received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) regarding its product Zefylti. Dixon Technologies (India) signed binding term sheet with VIVO Mobile (vivo India) to form joint venture fro carrying put the OEM business of electronic devices.Powered by Capital Market - Live

Dixon Technologies (India) has allotted 4,400 equity shares under ESOP on 02 December 2024. With this allotment, the paid up equity share capital has increased from Rs. 12,01,33,650 to Rs. 12,01,42,450. Powered by Capital Market - Live

Dixon Technologies (India) announced that its wholly owned subsidiary, Padget Electronics together with Compal Smart Device India (Compal) are set to launch mass production of Google Pixel (Smart phones) for Compal's designated customer 'Google Information Services India'. The said production will commence at plant of Padget Electronics situated at Sector-68, Noida. Powered by Capital Market - Live

Dixon Technologies (India) has allotted 2,30,230 equity shares under ESOP on 14 November 2024. With this allotment, the paid up equity share capital has increased from Rs. 11,96,73,190 to Rs. 12,01,33,650. Powered by Capital Market - Live

Cellecor is a leading name in the consumer electronics industry, known for its innovative and cutting-edge technology. With a commitment to making happiness affordable, Cellecor offers a diverse range of products, including mobile phones, smart TVs, speakers, neckbands, TWS, sound bars, smartwatches, Washing Machines, and many more. Atul B. Lall, vice chairman & managing director of Dixon Tech, stated that 'We are delighted to announce that Dixon Technologies has entered into an MOU with Cellecor for manufacturing of washing machines and its related components. By this partnership, Dixon Technologies will increase its customer base in Washing Machine segment. Further, through this partnership, both Companies aims to target improved efficiencies and increased competitiveness.' Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi- product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity. The company reported 107.91% surge in consolidated net profit to Rs 139.70 crore on 101.12% jump in revenue from operations to Rs 6,579.80 crore in Q1 FY25 over Q1 FY24. The scrip rose 2.24% to close at Rs 14,242.25 on Monday, 28 October 2024. Powered by Capital Market - Live

Net profit of Dixon Technologies (India) rose 263.26% to Rs 389.85 crore in the quarter ended September 2024 as against Rs 107.32 crore during the previous quarter ended September 2023. Sales rose 133.33% to Rs 11534.08 crore in the quarter ended September 2024 as against Rs 4943.18 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales11534.084943.18 133 OPM %3.704.02 - PBDT385.31184.98 108 PBT319.31148.54 115 NP389.85107.32 263 Powered by Capital Market - Live

Dixon Technologies (India) will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

Dixon Technologies (India)'s wholly owned subsidiary, Padget Electronics has entered into an MOU with Asus India (Asus) for manufacturing of information technology products i.e. notebooks, subject to signing of definitive agreements with Asus's entity/ies or its affiliate(s). Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies, expressed, 'It gives us an immense pleasure to partner with iconic brand Asus for manufacturing of notebooks. We are delighted and encouraged by the trust they have bestowed on Dixon for this collaboration. Asus has established a strong and trusted foothold worldwide, thanks to its advanced technology and we see them as our ideal long-term strategic partner who shares our core values: focus on quality, engineering prowess and customer satisfaction & we intend to leverage each other's strengths to manufacture notebook products. Powered by Capital Market - Live

The domestic equity benchmarks traded with decent gains in early afternoon trade. The Nifty scaled above the 25,000 level after hitting the day's low of 24,896.80 in morning trade. Pharma shares jumped after declining in the past three consecutive trading sessions. At 12:30 IST, the barometer index, the S&P BSE Sensex, gained 350.09 points or 0.44% to 81,916.18. The Nifty 50 index added 104.15 points or 0.42% to 25,040.55. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.53% and the S&P BSE Small-Cap index gained 1.16%. The market breadth was strong. On the BSE, 2,590 shares rose and 1,190 shares fell. A total of 120 shares were unchanged. Economy: The GST Council has slashed the GST rate on cancer drugs from 12% to 5% to ease the financial burden on patients. It also reduced GST on selected snacks and exempted research funds for universities. A GoM has been formed to explore reducing tax rates on life and health insurance, and another to address compensation cess. The council received status reports on rate rationalization, real estate, and online gaming. Car seat GST increased to 28%, while RMPU air conditioners for railways and approved flying training courses were exempted from GST. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 4.40% to 13.61. The Nifty 26 September 2024 futures were trading at 25,067.95, at a premium of 27.4 points as compared with the spot at 25,040.55. The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 58.6 lakh contracts at the 25,000 strike price. Maximum Put OI of 98.1 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Pharma index added 1.07% to 23,256.60. The index shed 0.15% in the past three consecutive trading sessions. Laurus Labs (up 3.86%), Divis Laboratories (up 3.45%), Gland Pharma (up 3%), Granules India (up 2.55%) and Ipca Laboratories (up 2.01%), Mankind Pharma (up 1.76%), Cipla (up 0.95%), Natco Pharma (up 0.94%), Glenmark Pharmaceuticals (up 0.93%) and Sun Pharmaceuticals Industries (up 0.9%) edged higher. Stocks in Spotlight : Dixon Technologies (India) rose 0.71%. The company's wholly owned subsidiary, Padget Electronics (Padget) has entered into an MOU with HP India Sales for manufacturing electronic gadgets. Under this agreement, Padget Eelectronics will manufacture notebooks, desktops, and all-in-one PCs. SEPC added 3.63% after the company announced that it has been awarded a work order for Rs 182.56 crore by the Executive Engineer, Irrigation Division, Government of Bihar. The project entails conducting a detailed survey and investigation, planning and designing, supplying materials, labor, equipment, and machinery, constructing, executing, and installing, testing, commissioning within 12 months, and providing a successful trial run for 3 months. AGS Transact Technologies rallied 2.59% after the company has implemented and commenced managing the prepaid card platform for 'XtraPower', the fuel and fleet management program of Indian Oil Corporation (IOCL). The company will received a fixed fee for these services, generating an estimated revenue of approximately Rs 58 crore over five years.Powered by Capital Market - Live