Dixon Technologies shares climb 6%, hit 52-week high. Here's why
The news triggered strong buying action in the stock as the price surged amid significant volumes. Over 12 lakh shares were trading on the NSE around 10:30 am.
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The news triggered strong buying action in the stock as the price surged amid significant volumes. Over 12 lakh shares were trading on the NSE around 10:30 am.
Indian shares were seeing modest gains in cautious trade on Tuesday ahead of key U.S. inflation data later in the day and Wednesday's FOMC rate decision. The benchmark S&P BSE Sensex was up 35 points at 69,964 in early trade while the broader NSE Nifty index was up 30 points at 21,027.
Saurabh Gupta, Chief Financial Officer, Dixon Technologies said that for the next financial year the firm aims to capture at least 10-15% of Lenovo's volume requirements for the Indian market
Foreign research firm Morgan Stanley has kept under-weight rating on the stock with target of Rs 4,374 per share.
Stocks to watch: Shares of firms like Infosys, Sun Pharma, Mankind, SpiceJet, Dixon, DLF, and others will be in focus on Tuesday's trade.