Dixon Technologies shares surged 2.6% to hit a new record high of ₹7,045.25 today after its subsidiary signed a contract with Compal Smart Device India; it also launched a new factory in Uttarakhad.
The insurer can comply with norms of 25% minimum public shareholding by May 2032
According to the company, the contract is subject to the signing of a definitive agreement in due course.
From its 52-week low of ₹2,555 on January 30, 2023, Dixon Tech stock has risen 136% in the last ten months to touch a new record high of ₹6,034.75 intraday today.
Sunil Vachani is building scale and leveraging product design to make Dixon a more globally competitive contract manufacturing firm.
The manufacturing shall take place at Padget's manufacturing facility situated in Noida, says the company.
Chinese company to make display modules, fingerprint sensor
The stock hit its 52-week low of ₹2,632 apiece after the contract manufacturer slashed its revenue guidance.
