Dixon Technologies (India) Ltd rose 2.57% today to trade at Rs 18474. The BSE Consumer Durables index is up 0.62% to quote at 64651.78. The index is up 3.22 % over last one month. Among the other constituents of the index, Blue Star Ltd increased 1.93% and Supreme Industries Ltd added 1.15% on the day. The BSE Consumer Durables index went up 29.21 % over last one year compared to the 8.74% surge in benchmark SENSEX. Dixon Technologies (India) Ltd has added 18.29% over last one month compared to 3.22% gain in BSE Consumer Durables index and 1.87% drop in the SENSEX. On the BSE, 801 shares were traded in the counter so far compared with average daily volumes of 22858 shares in the past one month. The stock hit a record high of Rs 19149.8 on 17 Dec 2024. The stock hit a 52-week low of Rs 5785 on 24 Jan 2024.Powered by Capital Market - Live

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