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One of Dixon Tech's biggest bulls sees further legs to its growth outlook
The government may approve the long-pending Dixon-Vivo joint venture this month. An inter-ministerial panel has reportedly granted in-principle approval, with final clearance expected following due process at the MeitY. Macquarie believes the approval could provide a meaningful new growth avenue for Dixon.
Dixon Tech Clarifies No Fresh Development In Proposed Vivo Partnership
The company said it had signed a binding term sheet with Vivo India in December 2024 to form a joint venture focused on original equipment manufacturing (OEM) of electronic products, including smartphones.
Dixon Tech jumps on reports of likely approval for Vivo joint venture
Dixon Technologies (India) surged 4.78% to Rs 12,820 after reports indicated that the government may soon approve the company's proposed joint venture with Chinese smartphone maker Vivo.
Dixon Tech shares jump 12% in four sessions, cross JPMorgan's target on Vivo deal hopes
Earlier this month, Dixon Tech's founder and chairman Sunil Vachani told CNBC-TV18 that he is hopeful of getting the Vivo JV approval soon and that the proposal is under active consideration.
Dixon Tech shares rally 5% amid reports of government nod for Vivo JV this month
Dixon Technologies shares surged rose sharply on Wednesday after reports suggested the government may approve its long-pending joint venture with Vivo this month. The proposed JV, in which Dixon will hold a majority stake, is expected to strengthen smartphone manufacturing capabilities in India while reducing Vivo’s regulatory risk exposure in the market.
Dixon Tech Shares Rallies More Than 4% Amid Media Reports Of Vivo JV Deal Approval
This comes on the back of an NDTV Profit report on Tuesday, which pointed to an inter-ministerial committee granting approval to the Vivo JV after a meeting on Saturday, though the approval has not been confirmed by the government.
Dixon Tech Remains Top Pick For Morgan Stanley Amid Vivo JV Approval Buzz — Check Target Price
JPMorgan expects the operations to start after 60-90 days in the third quarter of FY27, once the JV gets approved and assumes it could contribute 11 million to mobile volumes for Dixon Tech in FY27 and 22 million in FY28.
Dixon Tech Set For Rs 30,000 Crore Boost As Govt Likely To Approve Vivo JV
The management of Dixon Tech has indicated that the deal could represent a Rs 30,000 crore revenue opportunity
Dixon Tech Shares Surge Sharply As Government Likely To Approve Vivo JV
The approval of the Vivo JV could be significant for Dixon Technologies, potentially adding 20-22 million units of production on an annual basis.
Dixon Tech Says Vivo Deal Delay 'Beyond Expectations', Sees Rs 30,000 Crore Revenue Boost
Gupta added that the partnership alone could add up to Rs 30,000 crore to Dixon Tech's topline, which will be fully reflected as soon as the next financial year.
Dixon Tech shares gain over 4% even as bears highlight earnings concerns, bulls cut estimates
On the Vivo JV front, the management of Dixon Tech said that the discussions with the government are at an advanced stage and that they are "very close" to a positive outcome.
Dixon Tech Had a Good Quarter — But Dalal Street Can't Agree On Whether It Matters
Until the Vivo JV clarity arrives, Dixon Tech is expected to continue traversing muddy waters, with the stock having already fallen 37% in the last 12 months.