Dixon Tech at new high

Dixon Technologies is on a roll today! Opening 2% higher at Rs.16099.80, the stock price rose  6% to hit a new 52-week high at Rs.16761.20 and currently trades around Rs.16563 levels.

The stock is shining bright today after it announced a new deal with Google. The company’s wholly owned subsidiary, Padget Electronics will be starting mass production of Google Pixel smartphones at its Noida factory, in collaboration with Compal Smart Device India, Compal’s client, Google Information Services India.

Dixon is a home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Their product portfolio includes (i) Consumer electronics like LED TVs; (ii) Home appliances like washing machines; (iii) Lighting products like LED bulbs and tubelights, downlighters; (iv) Mobile phones; and (v) Wearables (vi) Refrigerators. Dixon also provides solutions in reverse logistics i.e. repair and refurbishment services of LED TV panels.