Page 6 - Dixon Tech News Today

Shares of Dixon Tech hit a high of Rs 5379.85, rising 1.81% against the previous close of Rs 5284.20 on BSE

Dixon subsidiary Padget Electronics has signed an agreement with Xiaomi to manufacture smartphones and other products at its facility in Noida. The deal will allow Xiaomi India to benefit from Dixons eligibility for government incentives under the production-linked incentive scheme, while Dixon will secure another major contract for its mobile manufacturing business.

Apple’s robust performance since it began manufacturing in the country in 2017 was driven by a ramp-up in production by three of its contract manufacturers — Foxconn, Wistron, and Pegatron — from the second half of 2022 with the production of iPhone 14 and below to cater to the growing Indian market as well as exports.

For Kaynes Tech, CLSA has an outperform rating with target at Rs 2,230 a share, 11 percent higher from the current market prices. It India’s Electronics Manufacturing Services industry to deliver a 22 percent revenue CAGR over the next decade

“We have committed to the government revenues over a period of six years of almost Rs 48,000 crore. We have committed an investment of Rs 250 crore. As per the guidelines under IT PLI 2, we are committed to deepening the manufacturing and increasing the local value addition over a period of six years.”

The NSE Nifty index was trading 7.8 points down at 19589.5

The NSE Nifty index closed 26.45 points down at 19570.85

The NSE Nifty index was trading 60.5 points up at 19577.5

"We need to monitor the IT sector todecide as to when we want to buy into it. Right now, I do not think it is the time to buy into this sector. We could see that next quarter when these companies talk about their guidance, there could be further cuts."

Dixon Tech, Netweb: This announcement will give thrust to important electronics where India is reliant on imports, said Divam Sharma, Founder and CEO of Green Portfolio PMS.