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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.
Paras Defence, MTAR Tech, HAL Shares Rally In Trade As India's Defence Production Touches All-Time High
Paras Defence emerged as the top gainer, surging 12.89%, followed by Astra Microwave Products, which advanced 7.72%, and MTAR Technologies, up 6.99%. Data Patterns gained 4.81%, while Bharat Dynamics rose 4.39%.
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 Cut To Underperform By CLSA As Memory Prices Squeeze Smartphone Market
Brokerage sees 13% downside for Dixon Tech from current levels and warns organic volume growth likely to decline in FY27.
Stock Market Today Live, June 16: Sensex, Nifty open higher as lower crude prices boost market sentiment - BusinessLine
Stock Market Today Live, June 16: Sensex, Nifty open higher as lower crude prices boost market sentimentBusinessLineSensex Today | Stock Market Live: Nifty above 23,900, Sensex up 300 pts; HCL Tech, SBI, Bajaj twins, L&T top gainersMoneycontrol.com7 Reasons Why Indian Stock Market is Rising TodayEquitymasterNifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 16 JuneMintClosing Bell: Sensex jumps 736 pts, Nifty closes above 23,800 on US-Iran peace deal announcementMoneycontrol.comSensex Today Rallies 737 Points | Nifty Above 23,850 | 4 Reasons Why Indian Share Markets Are RisingEquitymasterSensex Today Rallies 1,035 Points | Nifty Above 23,900 | Bajaj Finance & Asian Paints Top GainersEquitymasterStock market today: Sensex jumps over 1,100 points, Nifty 50 above 23,950 on US-Iran peace deal optimism. Outlook ahead?MintNifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 15 JuneMint
Dixon Tech shares get downgraded by CLSA who calls recent rally 'overdone'
Despite the downgrade by CLSA, shares of Dixon Technologies have recovered all their losses for the year and have now turned positive on a year-to-date basis.