Dixon Technologies shares in focus after promoter offloads 2.77% stake for over Rs 2,221 crore
Dixon Technologies share price target
Shares of Dixon Technologies will be in focus on Tuesday after its promoter and chairperson, Sunil Vachani , offloaded a 2.77% stake in the company for over Rs 2,221 crore through an open market transaction.According to BSE bulk deal data, Vachani sold 16.70 lakh shares of the Noida-based contract manufacturer at an average price of Rs 13,301.47 per share. Following the stake sale, his individual holding in the company declined from 5.34% to 2.57%. As a result, the combined promoter holding fell to 29.5% from 32.27%.On the other side of the deal, Motilal Oswal Mutual Fund acquired 14.45 lakh shares in two tranches, amounting to a 2.39% stake for approximately Rs 1,924 crore. The shares were purchased at an average price of Rs 13,307.96 apiece. With this acquisition, Motilal Oswal Mutual Fund's total holding in Dixon rose to 4.63% from 2.24%.Following the stake sale, Dixon Technologies shares rose 3.55% on Monday to close at Rs 14,554.10 on the BSE.The positive stock movement comes on the back of a strong quarterly performance. Last month, Dixon Technologies reported a more than four-fold jump in consolidated net profit to Rs 464.95 crore for the quarter ended March 31, 2025, driven by robust revenue growth. In the same quarter last year, the company had posted a net profit of Rs 97.3 crore.Revenue from operations surged to Rs 10,292.54 crore from Rs 4,657.97 crore a year ago, underscoring the company's continued expansion in India's electronics manufacturing space.According to Trendlyne, the average analyst target price for Dixon Technologies stands at Rs 16,486, indicating an upside potential of around 13% from current levels. Out of 28 analysts tracking the stock, the consensus recommendation is a 'Buy'.Technically, the stock's Relative Strength Index (RSI) is at 46.6, suggesting neutral momentum. It continues to trade below its 20-day, 50-day, 100-day, and 200-day simple moving averages.While shares have declined nearly 19% so far in 2025, they remain up about 26% over the past 12 months. Dixon Technologies currently commands a market capitalisation of around Rs 88,019 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
3 minutes ago
- Economic Times
Is Target in trouble? TGT stock falls after CEO Brian Cornell steps down amid sales struggles, COO Michael Fiddelke takes charge
TGT stock: Target's CEO Brian Cornell will resign on February 1st amidst declining sales and operational challenges. COO Michael Fiddelke will succeed him, focusing on merchandising, store experience, and technology investments to revitalize the retailer. Target reported a 21% drop in net income, with shares plummeting, reflecting concerns over store traffic and customer loyalty. Tired of too many ads? Remove Ads Target COO Michael Fiddelke Tapped as New CEO Michael Fiddelke Plans Rapid Changes to Revive Target's Retail Edge Tired of too many ads? Remove Ads Target's Weak Quarterly Results Spark Market Reaction Store Traffic and Customer Loyalty on the Decline Target Reiterates Lowered Full-Year Forecast FAQs Tired of too many ads? Remove Ads l will be stepping down from his position on February 1 next year as the Minneapolis-based chain struggles with low sales, messy and understocked stores, and eroding customer loyalty in a post-pandemic marketplace, as per a 66-year-old Cornell will be replaced by, a 20-year company veteran who has helped drive some of Target's most significant operational decisions, including overhauling its supply chain and building out digital services while cutting costs, as per an AP firm had announced in May that Fiddelke would lead a new office focused on faster decision-making to help accelerate sales growth, as reported by AP. Meanwhile, Brian will transition to the role of executive chair of the Board of Directors, as per Target's READ: Billionaire Taylor Swift offered jaw-dropping Vegas residency — bigger than Celine Dion or Elvis, report claims Fiddelke said that he will be stepping into the role with urgency, with three priorities, which include reclaiming the company's merchandising authority, improving the shopping experience by making sure shelves are consistently stocked and stores are clean, and investing in technology at the company's stores and in its supply network, as reported by said, 'When we're leading with swagger in our merchandising authority, when we have swagger in our marketing, and we're setting the trend for retail, those are some of the moments I think that Target has been at its highest in my 20 years,' as quoted in the READ: Morgan Stanley: AI boom could add $16 trillion to markets, but workers may pay the price as 90% jobs may be impacted Target also reported another quarter of sluggish results on Wednesday, with a 21% decline in net income in the quarter ended August 2, according to the AP report. Even the firm's sales were down, with a 1.9% dip in comparable sales from established physical stores and online channels, as per the shares of Target have fallen about 60% from its all-time high in late 2021, as per the report. While Target stocks fell about 10% in premarket trading following the results and CEO announcement, reported READ: Apple just dropped 2 free iPhone apps with iOS 26, and users can't stop talking about them According to CNBC, Target's yearly sales have been almost stagnant for the past four years, and its inconsistent performance has tested the loyalty of shoppers and also shaken the confidence of Wall Street. Analytics firm found that the store traffic at the retailer has dropped nearly every week since late January, as reported by retailer also reiterated its full-year forecast, which it had cut in May, as per the report. Target also said that it expects a low single-digit percentage decline in sales and adjusted earnings per share, excluding gains from litigation settlements, to be about $7 to $9, as reported by is stepping down amid falling sales, operational issues, and waning customer loyalty. He's transitioning to the role of executive COO Michael Fiddelke will step in as CEO on February 1, 2026.
Economic Times
3 minutes ago
- Economic Times
From Balakot to Sindoor: Inside the operations that made terror camps fair game
Synopsis In just over a decade, India has rewritten its security playbook. The Modi government has doubled defence spending, pushed homegrown production, and turned India into a global exporter. Operations from Balakot to Sindoor have shown that terror will be met with force. At home, extremism is fading, and self-reliance has spread across food, finance, and technology. The picture that emerges is of a country less reactive, more assertive, and determined to protect its sovereignty on every front. TIL Creatives Representative AI Image The strikes on Balakot in 2019 marked a clear shift. They followed the Pulwama attack, where forty CRPF personnel were killed. For the first time, Indian jets crossed deep into Pakistani territory to destroy a terrorist training camp. That operation set the stage for a bolder security doctrine. Six years later came Operation Sindoor. In May 2025, after civilians were murdered in Pahalgam, India's armed forces launched precision strikes. Drone and missile attacks destroyed nine terror camps in Pakistan and Pakistan-occupied Kashmir, killing over a hundred terrorists. Among them were figures tied to the Pulwama bombing and the 1999 IC-814 hijacking. Pakistan's retaliation faltered, its drones and missiles shot down by Indian counter-systems. From the Red Fort that August, Prime Minister Modi called it 'a new normal,' signalling to the world that India would not hesitate again. PM Modi has since laid out five unambiguous lines: Every terror attack will be answered decisively. Nuclear blackmail has no sway. Terrorists and their sponsors are treated as one. Talks, if ever, will only be about terrorism or Pakistan-occupied Kashmir. 'Terror and talks cannot go together, terror and trade cannot go together, and blood and water cannot flow together.'These words, repeated at rallies and addresses, frame a doctrine that mixes clarity with deterrence. Behind these actions stands a broader transformation. Defence spending rose from Rs 2.53 lakh crore in 2013–14 to Rs 6.81 lakh crore in 2025–26. Domestic production, once negligible, reached Rs 1.50 lakh crore in 2024–25, three times higher than a decade earlier. Today, fighter aircraft, artillery, missile systems, warships, and even aircraft carriers are designed and built in India. Defence exports touched Rs 23,622 crore in 2024–25, reaching over a hundred nations, including the United States, France, and slogan of Atmanirbharta 'self-reliance' has been backed by policy. The Defence Acquisition Procedure of 2020 placed Indian design and manufacturing at the top of the order. The Make categories offered state support for prototypes and opened the field to start-ups and MSMEs. One hundred and forty-six projects have been cleared across the services. Foreign investment rules were relaxed, allowing 74 percent automatic investment and up to full ownership with approval in advanced and joint ventures were encouraged too. The Offset Portal tracks commitments by foreign firms. The Strategic Partnership Model has paired Indian companies with global manufacturers. In 2019, an agreement with Russia allowed local production of spares, cutting delays and ahead will not be fought the way they once were. Anticipating this, the government created the Defence AI Council and the Defence AI Project Agency. Each public-sector defence unit now has its own AI roadmap. The Defence Research and Development Organisation (DRDO) has identified nine thrust areas, including cyber security, robotics, soldier support, and space Sudarshan Chakra Mission, launched in 2025, aims to deliver a full-spectrum national security shield by 2035. Its focus: predictive technologies, precision responses, and indigenous systems that defend both the battlefield and civilian security tells another part of the story. Left-Wing Extremism once scarred large swathes of central India. Now, fewer than twenty districts remain affected. Over 8,000 Naxalites gave up arms in the past decade. The toll of violence shrank from 1,936 incidents in 2010 to just 374 in 2024, with civilian and security force deaths falling by 85 percent. New roads, schools, communication links, and welfare schemes helped weaken the insurgency's grip alongside security is not limited to the armed forces. Food production rose from 246 million tonnes in 2013–14 to nearly 354 million tonnes in 2024–25. Farmers have received more than Rs 3.9 lakh crore under PM-KISAN. India now produces a quarter of the world's milk and has doubled its fish output since inclusion has expanded dramatically. By March 2025, the RBI's Financial Inclusion Index stood at 67.0, up almost a quarter since 2021. Through the Jan Dhan Yojana, 56 crore people opened accounts worth Rs 2.64 lakh crore. Women make up more than half of these account holders. The World Bank estimates that 89 percent of Indians now have a bank too, has been pulled into the fold. The Rs 76,000 crore semiconductor mission announced in 2021 bore fruit with the launch of 3-nanometre chip design centres in Noida and Bengaluru. By 2025, India's first indigenous chip was ready for together, these strands form a coherent picture. India today is less willing to wait and more ready to act. Its security is rooted in homegrown capacity, decisive leadership, and a refusal to bow to threats. From Balakot to Sindoor, from food fields to chip foundries, the story is of a nation seeking control over its future rather than reliance on others. A decade on, the change is not just in numbers or hardware but in confidence.
India.com
3 minutes ago
- India.com
Tech Showdown: Best 5G Smartphone Under Rs 25,000 – Realme P4 vs Redmi 15; Camera, Battery, Display, Design And AI Features Compared
2 / 3 The Realme P4 5G starts at Rs 18,499 for the 6GB + 128GB model, Rs 19,499 for the 8GB + 128GB variant, and Rs 21,499 for the 8GB + 256GB version. The smartphone sale begin on August 25 via Realme India's website, Flipkart, and retail stores. Meanwhile, the Redmi 15 5G is more affordable, starting at Rs 14,999 for the 6GB + 128GB model, Rs 15,999 for the 8GB + 128GB variant, and Rs 16,999 for the 8GB + 256GB version. The phone will be available from August 28 via Amazon, Xiaomi India's website, and offline outlets in the country.
