Dixon Hits 3-Month High, Rebounds 36% from April Low

Dixon Technologies (India) shares surged 6% on Tuesday, reaching a 3-month high of ₹16,795.80 in intraday trade on the BSE. The stock was last seen trading 5% higher at ₹16,586.65 around 11:12 AM, outperforming the BSE Sensex, which was up just 0.44%. The stock has recovered 36% from its April 7 low of ₹12,326.60 and is at its highest since January 21, 2025. Its 52-week high was ₹19,149.80 on December 17, 2024.

India’s Smartphone Market Sees Decline in Q4FY25

India’s smartphone shipments dropped 8% year-on-year to 32.4 million units in the January-March 2025 quarter. Big players like Xiaomi and Samsung saw sharp declines in shipments—down 38% and 23%, respectively. Samsung’s market share shrank to 16% from 19%. On the flip side, Vivo maintained the top spot, shipping 7 million units and holding a 22% market share.

PLI Scheme Boosts Electronics Manufacturing

The Indian government recently rolled out a new Electronics Component Manufacturing Scheme under the PLI initiative. Incentives include a 10% benefit for multi-layer PCBs in the first year and capital subsidies up to 25% for eligible products, aiming to boost domestic manufacturing of components like display and camera modules.

FPI Stake Falls, Mutual Funds Increase Holding

As per the March 2025 shareholding data, foreign portfolio investors (FPIs) reduced their stake in Dixon from 23.22% to 21.81%. However, domestic mutual funds and insurance companies increased their holdings to 17.20% and 5.16%, respectively.

About Dixon Technologies

Dixon Technologies is one of India’s leading electronics manufacturing companies. It makes a wide range of products, including LED TVS, washing machines, LED bulbs, mobile phones, CCTV systems, wearables, and refrigerators. Dixon also offers services like repair and refurbishment for LED TV panels. It operates on a B2B model and has built a strong presence in the Indian electronics manufacturing space.

As of 12:29 PM on April 22, 2025, shares of Dixon Technologies (India) Ltd were trading at ₹16,606, up 4.99% for the day. The stock opened at ₹15,955 and touched an intraday high of ₹16,796 and a low of ₹15,875. The company has a market capitalisation of ₹1 lakh crore, a P/E ratio of 117.02, and offers a dividend yield of 0.030%. The stock’s 52-week high is ₹19,148.90, while the 52-week low is ₹7,627.45.

Conclusion

Despite headwinds in the smartphone market, Dixon Technologies is showing strong resilience, backed by domestic investor confidence, favorable PLI incentives, and strategic focus on high-value components. The stock’s recent rebound highlights its growth potential in India’s electronics manufacturing sector.

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