Dixon Technologies’ stock has dropped 6.04%, trading at ₹14,146.60 as of 9:27 AM, after opening at ₹15,900. The sharp decline is linked to the company’s divestment of its 50% stake in AIL Dixon, a joint venture with Aditya Infotech, which resulted in a one-time exceptional gain of ₹209.6 crore. While this divestment led to a positive adjustment in the books, the market’s negative sentiment towards this non-recurring gain appears to have driven the stock’s sharp decline.
Investors are likely concerned that this exceptional gain is not a sustainable contributor to Dixon’s long-term profitability, resulting in the stock’s sell-off during early trading hours.
Disclaimer: Stock prices are subject to market fluctuations. Please consult a financial advisor for investment decisions.
