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Dixon Technologies shares in focus as arm bags Lenovo contract to produce laptops under PLI 2 0

Dixon Tech is design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India.

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Dixon Technologies stock surges 6%, hits all-time high on Lenovo contract

The company s shares, which saw a decline of almost 29% in CY22, have shown a remarkable rebound in the current year. They have rallied 68% in CY23 so far, spiking from ₹3,927 apiece to ₹6,605 apiece, and are up by 159% from their one-year low of ₹2,553 apiece.

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Dixon Technologies shares rally 5% to hit 52-week high on Lenovo contract

Foreign research firm Morgan Stanley has kept under-weight rating on the stock with target of Rs 4,374 per share.

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Dixon s subsidiary Padget to make laptops, notebooks for Lenovo

The company said the contract is subject to signing of definitive agreement in due course.

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Dixon Technologies subsidiary Padget Electronics inaugurates New Manufacturing Plant in Noida

Dixon Technologies subsidiary Padget Electronics inaugurates New Manufacturing Plant in Noida
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