After the signing of an MOU between Dixon Technologies’ wholly owned subsidiary Padget Electronics Private Limited and Asus India Private Limited to manufacture information technology products, including notebooks, the company’s shares surged by more than 5% this week.
In the exchange filing, the company shared, “We wish to inform that Dixon Technologies (India) Limited’s Wholly Owned Subsidiary, Padget Electronics Private Limited has entered into an MOU with Asus India Private Limited (“Asus”) for manufacturing of information technology products i.e. notebooks, subject to signing of definitive agreements with Asus’s entity/ies or its affiliate(s).”
In the meantime, Dixon Technologies’ share opened at ₹13,950.00 on Friday, peaking at ₹14,045.00 before dipping to a low of ₹13,583.55.
