Dixon Technologies (India) shines on entering into binding Term Sheet with Chongqing
Dixon Technologies (India) is currently trading at Rs. 16218.00, up by 399.80 points or 2.53% from its previous closing of Rs. 15818.20 on the BSE.
The scrip opened at Rs. 16377.95 and has touched a high and low of Rs. 16428.00 and Rs. 16155.30 respectively. So far 26925 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 19149.80 on 17-Dec-2024 and a 52 week low of Rs. 10613.00 on 23-Jul-2024.
Last one week high and low of the scrip stood at Rs. 16428.00 and Rs. 15631.35 respectively. The current market cap of the company is Rs. 98995.95 crore.
The promoters holding in the company stood at 32.27%, while Institutions and Non-Institutions held 44.88% and 22.85% respectively.
Dixon Technologies (India) and Chongqing Yuhai Precision Manufacturing (Chongqing) have entered into a binding Term Sheet to form a prospective Joint Venture in India, through an optimum structure, to be mutually agreed between Dixon and Chongqing such that 74% of the total paid up share capital of the joint venture company is held by Dixon and 26% of the total paid up share capital of the joint venture company is held by Chongqing. The proposed Joint Venture will undertake the business of manufacturing and supply of precision components for laptop, mobile phones, IoT, automotive and any other products which both Parties agree, in India.
Dixon Technologies (India) is fully integrated end-to-end product and solution suite to original equipment manufacturers (OEMs) ranging from global sourcing, manufacturing, quality testing and packaging to logistics.
