Dixon Tech at new high

Dixon Technologies is a bright star today morning; from its close of Rs.9762.35, it opened 2% higher at Rs.9950 and went on to hit a new 52-week high at Rs.10,085, up 3.5%.

The stock has hit a new high today on its announcement that it has entered into a term sheet with HKC Corporation to form a joint venture (JV) arrangement for manufacturing of Liquid Crystal Modules (LCM), thin film transistor liquid crystal display modules (TFT-LCD Modules), assembly of end products like, smartphones, TVs, monitors and auto displays and selling HKC branded end products in India.

This JV is expected to give a boost to set up electronic component ecosystem & also deepen the value addition.

HKC mainly produces smart TV and other TV terminals and displays, all-in-one machines, laptops, tablets, advertising machines, smart fitness goggles and other IT and smart IOT terminals.