As Government Banned Laptop Imports, Dixon Technologies Shares Jump 17%.
Dixon Technologies is an Electronic Manufacturing Services Company In India [EMS].
It Offers Products And Services in Consumer Goods, Home Appliances, Lighting, Mobile Phones and Security Services. It Offers Products Like TVs, Washing Machines, SmartPhones, Laptops, and other Minor And Major Electronic Goods.
With 17 Manufacturing Units Here In India, It Offers Contract Based Manufacturing Services To Companies Such As Samsung, Xiaomi, Panasonic and Philips.
Dixon Technologies News
- Dixon’s revenue has more than quadrupled to Rs 12,192 crore in FY23, up from Rs 2,853 crore in FY18.
- Dixon Technologies reported a 47.89% increase in consolidated net profit to Rs 67.19 crore in the June quarter, up 48% from Rs 45.43 crore the previous year.
- Consolidated revenue from operations increased 15% year on year (YoY) to Rs 3271.50 crore from Rs 2,855.07 crore the previous year.
Dixon Technologies Share Price
Dixon Technologies share rose 8.42% to a high of Rs 4,812.70 on BSE. Meanwhile, the stock has risen 72% in the last six months.
Dixon Technologies’ share rose 8.4% in Friday trading to hit a new 52-week high of Rs 4,813.
The stock is up 16.68% during the last two days.
Laptop Import Banned
On 3rd August Indian Government Banned The Import of Laptops, Computers and Tablets.
The Main Purpose of the Ban is to promote Domestic Manufacturing and Decrease the reliance on Foreign Countries, Mainly China, For Electronic Goods.
Dixon Technologies is One Of the Companies To Benefit From This Ban.
Read More: Laptop Import Banned: Empowering JIOBook Launch.
Restriction On Imports Will Promote Domestic Production.