Shares of Dixon Technologies (India) Ltd witnessed strong buying interest on Wednesday, surging nearly 5% in early trade. The stock touched an intraday high of ₹10,734.00, reflecting renewed investor confidence in the electronics manufacturing player.
As of 11:45 AM (IST), Dixon Technologies traded in a strong range between ₹10,305.00 and ₹10,734.00, compared to its previous close of ₹10,289.00. The stock opened slightly higher at ₹10,339.00 and continued to gain momentum during the session.
The surge comes amid healthy trading activity, with live volumes reaching 3,94,662 shares, indicating strong participation from market participants.
Despite today’s rally, the stock remains significantly below its 52-week high of ₹18,471.00, while staying above its 52-week low of ₹9,630.00
In the meantime, Dixon Technologies shared key business updates during its interaction at the Investec Conference, offering insights into mobile demand trends, production outlook, and future expansion strategies.
The management indicated that mobile demand has remained relatively resilient, performing better than earlier expectations. This comes amid concerns around slowing consumption, suggesting that the company’s core segment continues to hold steady.
Looking ahead, Dixon Technologies expects its mobile volumes for FY27 (excluding Vivo-related contribution) to remain broadly in line with FY26 levels. This indicates a stable base business, even before factoring in potential upside from new developments.
A major focus area remains the proposed joint venture with Vivo. The management expressed confidence in receiving approval under the government’s Production-Linked Incentive (PLI) scheme (PN3) for the Vivo JV. Once approved, the joint venture is expected to manufacture nearly two-thirds of the approximately 35 million mobile devices sold by Vivo in India.
This development could significantly scale up Dixon’s mobile manufacturing volumes over the FY26 to FY28 period. The company sees this as a key growth driver, subject to regulatory approvals and execution timelines.
In addition to mobile manufacturing, Dixon Technologies is also working on multiple strategic initiatives. These include increasing backward integration to improve cost efficiencies, expanding into new product categories, and strengthening its export capabilities.
The company also highlighted its intention to enter the industrial EMS (Electronics Manufacturing Services) segment. This move signals a broader diversification strategy beyond consumer electronics and mobile manufacturing.