Dixon Tech hits new high

Dixon Technologies, which had closed yesterday at Rs.5284, opened today morning at Rs.5334.95 and rose to hit a new 52-week high at Rs.5379.85.

The stock hit a new high after the company announced that its subsidiary, Padget Electronics, entered a deal with Xiaomi to manufacture smartphones for the company, at Padget's manufacturing unit in Noida, Uttar Pradesh.

Padget Electronics is one of the few Companies who have received PLI scheme approval from the Government of India.