HighPositive
Announced Tue, 21 Jul · 10:04 IST
Dixon Tech shares down 30% from 52-week high. Can these 3 triggers reignite the rally for 79 lakh shareholder
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AI summary
Dixon Technologies shares are down about 30 percent from their 52-week high, but three catalysts may revive the stock for around 79 lakh shareholders. The government has approved its joint venture with Vivo for smartphone manufacturing, where Dixon will hold 51 percent and Vivo India 49 percent. Additionally, the Union Cabinet cleared about Rs 1.9 lakh crore in policy support covering the second phase of the India Semiconductor Mission and a new Mobile Phone Manufacturing Scheme, alongside expanded customs duty exemptions on electronics manufacturing inputs.