Dixon Technologies rises on starting manufacturing fixed broadband devices in collaboration with Nokia
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Dixon Technologies is currently trading at Rs. 15679.15, up by 50.00 points or 0.32% from its previous closing of Rs. 15629.15 on the BSE.
The scrip opened at Rs. 15615.00 and has touched a high and low of Rs. 15775.35 and Rs. 15401.30 respectively. So far 10960 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 15,999.95 on 25-Oct-2024 and a 52 week low of Rs. 5207.25 on 13-Nov-2023.
Last one week high and low of the scrip stood at Rs. 15965.40 and Rs. 13717.05 respectively. The current market cap of the company is Rs. 94290.81 crore.
The promoters holding in the company stood at 32.89%, while Institutions and Non-Institutions held 45.83% and 21.28% respectively.
Dixon Technologies (India) has commenced manufacturing fixed broadband devices in India in collaboration with Finnish telecom giant Nokia. This will tap the demand for fixed broadband services in India, which has surged in recent years, led by the rapid adoption of Fiber to the Home (FTTH) and 5G Fixed Wireless Access (FWA) technologies.
A manufacturing setup by Dixon Electro, a step-down unit of Dixon Technologies, will produce up to 10 million devices annually at its facility in Noida. This collaboration will produce GPON, 5G FWA, and Mesh Wi-Fi devices capable of delivering up to one gigabit per second per home. Nokia's Chennai-based R&D Centre will spearhead the design and development of the devices, with Dixon Electro handling large-scale manufacturing. Besides, this will also create around 3,000 new jobs and contribute to the local economy.
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.
