Dixon Tech Share Price: Dixon shares cross Rs 1 lakh crore market-cap for the first time, rally over 6%

Dixon Technologies shares surged as much as 6.5% on Monday to Rs 16,836.65 on BSE, with the stock’s market capitalization crossing Rs 1 lakh crore mark for the first time, after the electronics manufacturer said its wholly-owned unit, Padget Electronics, in partnership with Compal Smart Device India, has commenced mass production of Google Pixel smartphones.

The company’s unit Padget Electronics is engaged in the business of manufacturing mobile phones and information technology (IT) hardware as its core business activity, and the said production of Google Pixel smartphones is set “to commence at the plant of Padget Electronics situated at Sector-68, Noida,” Dixon Technologies’ exchange filing said.

According to brokerage firm…

Source link