Dixon Technologies gains on starting manufacturing of 5G millimetre waves smartphones
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Dixon Technologies (India) is currently trading at Rs. 5665.00, up by 150.10 points or 2.72% from its previous closing of Rs. 5514.90 on the BSE.
The scrip opened at Rs. 5635.00 and has touched a high and low of Rs. 5697.60 and Rs. 5627.70 respectively. So far 2092 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5648.80 on 14-Oct-2021 and a 52 week low of Rs. 1740.89 on 16-Oct-2020.
Last one week high and low of the scrip stood at Rs. 5648.80 and Rs. 4880.10 respectively. The current market cap of the company is Rs. 32345.91 crore.
The promoters holding in the company stood at 35.03%, while Institutions and Non-Institutions held 29.33% and 35.64% respectively.
Dixon Technologies (India) has started manufacturing of 5G millimetre waves smartphones which will be the first set of devices in the segment to be exported from India.
In this regard, the company 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.
The company has bagged a contract from US-based Orbic which sells smart devices for US-based telecom operators. The company has bagged a contract from US-based Orbic which sells smart devices for US-based telecom operators.
Dixon Technologies (India) is the largest home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India.
