Dixon Technologies (India)'s wholly owned subsidiary, Padget Electronics has entered into an MOU with Asus India (Asus) for manufacturing of information technology products i.e. notebooks, subject to signing of definitive agreements with Asus's entity/ies or its affiliate(s). Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies, expressed, 'It gives us an immense pleasure to partner with iconic brand Asus for manufacturing of notebooks. We are delighted and encouraged by the trust they have bestowed on Dixon for this collaboration. Asus has established a strong and trusted foothold worldwide, thanks to its advanced technology and we see them as our ideal long-term strategic partner who shares our core values: focus on quality, engineering prowess and customer satisfaction & we intend to leverage each other's strengths to manufacture notebook products. Powered by Capital Market - Live

The domestic equity benchmarks traded with decent gains in early afternoon trade. The Nifty scaled above the 25,000 level after hitting the day's low of 24,896.80 in morning trade. Pharma shares jumped after declining in the past three consecutive trading sessions. At 12:30 IST, the barometer index, the S&P BSE Sensex, gained 350.09 points or 0.44% to 81,916.18. The Nifty 50 index added 104.15 points or 0.42% to 25,040.55. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.53% and the S&P BSE Small-Cap index gained 1.16%. The market breadth was strong. On the BSE, 2,590 shares rose and 1,190 shares fell. A total of 120 shares were unchanged. Economy: The GST Council has slashed the GST rate on cancer drugs from 12% to 5% to ease the financial burden on patients. It also reduced GST on selected snacks and exempted research funds for universities. A GoM has been formed to explore reducing tax rates on life and health insurance, and another to address compensation cess. The council received status reports on rate rationalization, real estate, and online gaming. Car seat GST increased to 28%, while RMPU air conditioners for railways and approved flying training courses were exempted from GST. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 4.40% to 13.61. The Nifty 26 September 2024 futures were trading at 25,067.95, at a premium of 27.4 points as compared with the spot at 25,040.55. The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 58.6 lakh contracts at the 25,000 strike price. Maximum Put OI of 98.1 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Pharma index added 1.07% to 23,256.60. The index shed 0.15% in the past three consecutive trading sessions. Laurus Labs (up 3.86%), Divis Laboratories (up 3.45%), Gland Pharma (up 3%), Granules India (up 2.55%) and Ipca Laboratories (up 2.01%), Mankind Pharma (up 1.76%), Cipla (up 0.95%), Natco Pharma (up 0.94%), Glenmark Pharmaceuticals (up 0.93%) and Sun Pharmaceuticals Industries (up 0.9%) edged higher. Stocks in Spotlight : Dixon Technologies (India) rose 0.71%. The company's wholly owned subsidiary, Padget Electronics (Padget) has entered into an MOU with HP India Sales for manufacturing electronic gadgets. Under this agreement, Padget Eelectronics will manufacture notebooks, desktops, and all-in-one PCs. SEPC added 3.63% after the company announced that it has been awarded a work order for Rs 182.56 crore by the Executive Engineer, Irrigation Division, Government of Bihar. The project entails conducting a detailed survey and investigation, planning and designing, supplying materials, labor, equipment, and machinery, constructing, executing, and installing, testing, commissioning within 12 months, and providing a successful trial run for 3 months. AGS Transact Technologies rallied 2.59% after the company has implemented and commenced managing the prepaid card platform for 'XtraPower', the fuel and fleet management program of Indian Oil Corporation (IOCL). The company will received a fixed fee for these services, generating an estimated revenue of approximately Rs 58 crore over five years.Powered by Capital Market - Live

HP is a leading global provider of personal computing and other digital access devices, imaging and printing products, and related technologies solutions and services. Under this agreement, Padget Eelectronics will manufacture notebooks, desktops, and all-in-one PCs. Atul B Lall, vice chairman and managing director of Dixon Technologies (India), said, 'It gives us immense pleasure to partner with the iconic brand HP to manufacture PCs under PLI 2.0. HP is a leading global player in their field known for their technologically advanced products with a worldwide presence in more than 170 countries. We are sure that with HP's vision and rigorous industry-leading processes, combined with our expertise in manufacturing, we will be able to bring a range of HP personal systems to Indian customers.' Ipsita Dasgupta, managing director, HP India, said, 'We are excited to announce HP's partnership with Dixon Technologies to manufacture HP products under the Production Linked Incentive scheme (PLI 2.0). Today's announcement reaffirms HP's commitment and pride to participate in the Government's Make in India initiative. Through this partnership we look forward to offering our customers in India an enhanced portfolio of domestically manufactured products that combine HP's cutting-edge technology with Dixon's manufacturing expertise.' Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity. The company reported 107.91% surge in consolidated net profit to Rs 139.70 crore in Q1 FY25 from Rs 67.19 crore posted in Q1 FY24. Revenue from operations zoomed 101.12% year on year (YoY) to Rs 6,579.80 crore in the quarter ended 30 June 2024.Powered by Capital Market - Live

Dixon Technologies (India) Ltd rose 1.54% today to trade at Rs 12577. The BSE Consumer Durables index is up 0.84% to quote at 64883.94. The index is up 11.12 % over last one month. Among the other constituents of the index, Kalyan Jewellers India Ltd increased 0.87% and Crompton Greaves Consumer Electricals Ltd added 0.73% on the day. The BSE Consumer Durables index went up 39.96 % over last one year compared to the 21.81% surge in benchmark SENSEX. Dixon Technologies (India) Ltd has added 7.3% over last one month compared to 11.12% gain in BSE Consumer Durables index and 2.59% rise in the SENSEX. On the BSE, 898 shares were traded in the counter so far compared with average daily volumes of 21033 shares in the past one month. The stock hit a record high of Rs 13633.35 on 26 Aug 2024. The stock hit a 52-week low of Rs 4738 on 25 Sep 2023.Powered by Capital Market - Live

Dixon Technologies (India) announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live

Dixon Technologies (India) announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live