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Dixon-owned Padget Electronics, a subsidiary of Dixon Technologies, has partnered with China-based ODM Longcheer for smartphone manufacturing for global brands. This collaboration aims to boost India's manufacturing competitiveness and deliver sustainable growth. Learn more about this exciting partnership!
Dixon Technologies anticipates commencing manufacturing operations for Lenovo in April 2024, , Dixon Technologies, lenovo, Padget Electronics
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.
Margins in the mobile and electronics manufacturing segment are low, but the company’s decision to increase the division’s contribution to overall revenue could boost volumes