County Dixon Financial News

Dixon Technologies may gain investor attention on Wednesday, January 15 as domestic brokerage firm Emkay has initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 20,000, foreseeing a potential for 22% upside. Emkay has initiated coverage on Dixon Technologies citing strong growth prospects driven by several key factors. The brokerage firm highlights Dixon’s established leadership across various product verticals and its consistent expansion into adjacent markets as a key strength.

Lenovo in the next two quarters, will have its PC plant in Puducherry manufacture GPU-based servers that will also serve as an export base for the company, said Shailendra Katyal, MD, Lenovo in an interview with ET. 100% of Motorola phones, a Lenovo subsidiary, is already made in India through Dixon, its EMS partner. It exports 1.5 million phones to markets like North America. «The forecast for manufacturing in India next year is pushing $3.5 billion,» Katyal said, adding that around $1.5 billion worth of hardware will be exported. Lenovo's Bengaluru lab is also one of the four facilities of the company in the world for server innovation. The lab also works on hardware, software and firmware. After HP, Lenovo is number two in the PC/tablets market in India, and is also in the third position in the servers/storage market.

Dixon Technologies Friday said it has entered into an agreement with Taiwanese original design maker Compal Electronics to make Google Pixel devices in India, as the US major strives to gain a foothold in the world’s second largest smartphone market. Dixon becomes the second contract manufacturer for Google who had started making Pixel phones locally with Foxconn subsidiary Wow Tech at their Chennai facility. “This is a significant opportunity for Dixon and marks an exciting step in our growth and commitment to delivering cutting edge, high quality products to the global and domestic market,” Atul B. Lall, Vice Chairman of Dixon Technologies said in a notice to the stock exchanges.

Dixon Technologies, India’s largest electronics contract manufacturer, is in initial talks to buy a majority stake in the local phone-making unit of China’s Transsion Holdings, people aware of the details told ET. Transsion’s India business is valued at about Rs 700 crore, they said. The talks come amid greater scrutiny of Chinese firms operating in the handset ecosystem. The Centre wants Indian companies and executives to have more sway over the country’s mobile phone industry, currently dominated by Chinese handset brands, as part of an informal mandate, according to people with knowledge of the matter.

Oppo, Vivo and Realme smartphones in partnership with Indian manufacturers Dixon Technologies and Karbonn Group, said people with knowledge of the matter. This is partly owing to pressure from the government to get local partners and benefit from the production-linked incentive (PLI) scheme for phone manufacturing, they said. The move comes despite Oppo and Vivo having a large smartphone plant each in India. These make the entire range of BBK Group brands, such as Oppo, Vivo, Realme, OnePlus and iQoo. Industry executives said Chinese smartphone companies are cautious about directly investing in their own plants for capacity expansion after increased scrutiny in the last few years, ranging from alleged customs duty and income tax evasion to money laundering. The ir bank accounts had also been frozen, forcing them to take legal recourse to ensure business continuity. Investigations are ongoing. Chinese companies came under pressure in India following the escalation in border tensions a few years ago.

Dixon Technologies (India) Ltd for the September quarter (Q2FY24). Thanks to the 77% year-on-year growth, the segment’s contribution in the overall revenues rose to 57% from 41% a year ago. Mobile segment growth was led by execution and new client additions.

Atul Lall, VC & MD, Dixon Tech, says “in Dixon, we are purely an outsourcing company. We provide electronic manufacturing services to all the global and Indian brands and the brand that you are mentioning undoubtedly is an anchor customer of ours and we feel that the relationship will keep on deepening and growing. We are country agnostic. We are also brand agnostic wherein we see a huge leverage of growth and deepening of relationship over a period of time, we jump at it.” We understand Dixon tech has entered into an agreement with Xiaomi for the manufacturing of smartphones and related products as well. Of course, you have had this partnership with Xiaomi over a long term but tell us about this one. When does manufacturing start? Do you need additional investment? What could be the potential revenue accretion? Xiaomi has been a long-term partner.

Midcap stocks made significant strides by reaching new 52-week highs on September 28. These remarkable performances underscore the potential and strength of these mid-sized companies, offering investors exciting prospects in the midcap segment. The data was sourced from StockEdge at 1:05 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

Dixon Technologies surged 2% to hit a new 52-week high at Rs 5,379.8 in Thursday's trade on BSE after its wholly owned subsidiary- Padget Electronics Private Limited entered into an agreement with Xiaomi to carry out manufacturing of smartphones and other related products for Xiaomi. The manufacturing will take place at Padget’s manufacturing facility in Noida. Analysts say the deal will help Xiaomi India leverage Dixon’s status of being cleared to receive sops under the government’s production-linked incentive (PLI) scheme for mobile manufacturing. And for Dixon, it will mean another big-ticket contract, assuring revenue for its mobile manufacturing business, which contributed the largest — 46% — to its total revenue of FY4Q. Under the PLI scheme, Dixon has so far received around Rs 110 crore as incentives for meeting the incremental production targets.

Dixon Dixon's arm Padget Electronics said it has entered into an agreement with Xiaomi to carry out manufacturing of smartphones and other related products for the company. KP Energy KP Energy has commissioned a further 10.5MW (Phase-V) ISTS connected wind power project comprising 5 numbers of WTGs of 2.1MW each at Sidhpur site in Devbhoomi Dwarka. Read more: Here's the trade setup for today's session Barbeque Nation The company has entered into a share subscription and share purchase agreement to acquire the equity shares of Blue Planet Foods by the company and its subsidiary Red Apple Kitchen Consultancy. L&T L&T said the settlement of bids, return of unaccepted equity shares and payment of consideration to eligible shareholders who participated in the buyback will take place on September 28 instead of September 29. KEC International The company has received orders from various GST authorities on September 13 and September 16. Tata Power Tata Power's subsidiary Tata Power Renewable Energy will set up a 41 MW captive solar plant at Thoothukudi, Tamil Nadu for TP Solar Limited (TP Solar) new greenfield 4.3 GW solar cell and module manufacturing facility located at Tirunelveli. ONGC ONGC has inked an agreement with NTPC to develop clean energy, ET Now reported.

₹17,000 crore production linked incentive (PLI) scheme for IT hardware manufacturing, said a report by news agency PTI citing a government official. “Around 30-32 company may qualify for the (IT hardware PLI scheme.

production linked incentive scheme for IT hardware, according to a government official. As many as 40 companies, including Dell, HP, and Lenovo, have applied for the IT hardware PLI (production linked incentive) scheme with a commitment to make personal computers, laptops, tablets, servers and other equipment worth Rs 4.65 lakh crore during the scheme period. «Around 30-32 company may qualify for the (IT hardware PLI) scheme.

Superpower' will make its debut on Ukrainian TV on Monday. It shows the Russian invasion of Ukraine and how the small country fights back. Directed by Hollywood actor and activist Penn and Aaron Kaufman, it shows Penn conducting intimate interviews with Ukrainian President Volodymyr Zelensky, Russian President Vladimir Putin, and others. Sean Penn took seven trips to Ukraine to shoot these interviews and other sequences.

Chinese smartphone manufacturer Xiaomi Inc's supplier Dixon Technologies India Ltd will reportedly open a massive new factory on the outskirts of New Delhi, Bloomberg News reported. Chinese-based company Xiaomi has been compelled to partner with Dixon for smartphone assembly because India is pressing Chinese companies to localize everything from manufacturing to distribution of devices. As per the Bloomberg report, Dixon will invest more than ₹4 billion ($48.2 million) over three years in the factory, which is spread over more than 300,000 square feet or the size of six football fields, and will largely produce Xiaomi smartphones.

Pro-XRP attorney John Deaton says that the United States Securities and Exchange Commission (SEC) erred in filing aiding and abetting allegations against Ripple’s CEO Brad Garlinghouse.

new 52-week highs on August 22. This surge is indicative of the robust momentum within the market and the resilience of these companies. Notably, Polycab India, Bharat Forge, Power Finance Corporation, and REC led the charge, exemplifying the potential for growth within the Nifty 200 Index. The data was sourced from StockEdge at 12.55 pm, and the updates from the real-time data could come with a lag.

The FTSE 250 company’s board has initiated a review of IWG’s reporting currency as well as the potential implications of reporting under US GAAP rather than IFRS.

Mahantesh Sabarad, independent market expert, says “although auto stocks have done well compared to what they were doing last year, there is a definite growth both in terms of top line and bottom line but that is not enough when it comes to the expectations and that is why some of these stocks are running out of steam.”Of the latest earnings and auto sales that we have seen, what has stood out to you in terms of the big earnings over the last couple of days or the auto sales data?Basically, in terms of auto sale numbers, what you can definitely notice is that the sales are growing quite sharply. This is partly because of the Covid effect wearing off and a lot of pent-up demand coming in.

A combination of escalating interest rates and a tight regulatory environment in the United States has driven a $417 million outflow from the crypto industry in the past eight weeks, with halts in trading for many altcoins draining liquidity and prolonging the ongoing crypto winter.

Celsius’ lead investor BnkToTheFuturehas outlined three proposals to save Celsius from bankruptcy while finding a good outcome for shareholders and depositors with funds stuck on the platform.

The cryptocurrency market has failed to make significant headway in recent months, but that hasn’t stopped the industry’s builders from building. Nonfungible tokens (NFTs), crypto mortgages, blockchain-powered cellular networks and Web3 gaming have all piqued the interest of venture capitalists. These new and familiar investment themes headline the latest edition of VC Roundup, as venture funds continue to target blockchain’s most promising value plays.