Dixon Technologies jumps on inking MoU with Acerpure India CE
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Dixon Technologies (India) is currently trading at Rs. 8795.30, up by 540.60 points or 6.55% from its previous closing of Rs. 8254.70 on the BSE.
The scrip opened at Rs. 8316.90 and has touched a high and low of Rs. 8810.00 and Rs. 8304.00 respectively. So far 23229 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 8,810.00 on 17-May-2024 and a 52 week low of Rs. 2,965.85 on 18-May-2023.
Last one week high and low of the scrip stood at Rs. 8810.00 and Rs. 7935.00 respectively. The current market cap of the company is Rs. 52582.28 crore.
The promoters holding in the company stood at 33.44%, while Institutions and Non-Institutions held 44.85% and 21.71% respectively.
Dixon Technologies (India) has entered into a Memorandum of understanding (MoU) with Acerpure India CE (Acerpure) for manufacturing of range of Consumer appliance products.
Pursuant to this MoU between Acerpure and Dixon Technologies, Dixon will undertake the manufacturing of Acerpure products in its facilities starting with the state-of-the-art TVs, subject to signing of definitive agreements. Acerpure is engaged in the business of trade, import and export of consumer durables and home appliances, and associated peripherals, accessories, components and parts and provision of ancillary services connected therewith.
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.
