Shares of Dixon Technologies moved higher on Tuesday, March 17, after the company’s management shared positive commentary at an Investec conference, boosting investor sentiment.
The stock was trading at Rs 10,414.00, up Rs 151 or 1.47% compared to the previous close of Rs 10,263.00 on the National Stock Exchange (NSE).
Management highlights strong mobile demand outlook
During the conference, management indicated that mobile demand is holding up better than earlier expectations, providing visibility on volumes going forward.
The company expects FY27 mobile volumes (excluding Vivo) to remain broadly in line with FY26 levels, suggesting stability in its core business.
Confidence on Vivo JV approval
Management also expressed confidence in receiving Production-Linked Incentive (PLI) PN3 approval for its joint venture with Vivo.
Post approval, the JV is expected to manufacture nearly two-thirds of the 35 million mobile units sold by Vivo in India, which could significantly boost volumes over the FY26–FY28 period.
Expansion and growth initiatives
In addition, Dixon Technologies highlighted ongoing efforts towards:
- Backward integration
- Expansion into new product categories
- Focus on exports growth
- Entry into the industrial EMS (electronics manufacturing services) segment
These developments are expected to support long-term growth visibility, which appears to have supported the stock during today’s session.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.