Dixon Technologies shares in focus after promoter offloads 2.77% stake for over Rs 2,221 crore
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.
ADVERTISEMENT 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%.
Also Read: 11 Nifty mid & smallcap stocks that can rally 40-90% over the next 12 months
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.
ADVERTISEMENT 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.Also Read: Is the grey market premium misleading? Decoding the valuation gap in HDB Financial's IPO
ADVERTISEMENT 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.
ADVERTISEMENT 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.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
(You can now subscribe to our ETMarkets WhatsApp channel)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
25 minutes ago
- Time of India
Indian Railways to hike passenger fares: Sources
The Indian Railways is set to increase passenger train fares for the first time since the COVID-19 pandemic. The minor increase in fares will be effective from July 1, 2025. Sources told The Economic Times that the passenger fare for non-AC Mail/Express trains will be hiked by 1 paise per kilometre. The fare hike for AC classes will be 2 paise per kilometre. Notably, there will be no increase in fare for suburban tickets and second-class travel for 500 kilometres of travel. For distances greater than 500 kilometres, the hike will be half paise per kilometre. Additionally, there will be no hike in the monthly season ticket. ET Bureau Here are the revised fares that will come into effect on July 1: There will be no increase in suburban fares. Monthly season ticket prices will remain unchanged. In ordinary second class, there will be no fare hike for distances up to 500 km. For distances beyond 500 km in ordinary second class, the fare will increase by half a paise per kilometer. In Mail and Express (Non-AC) trains, the fare will increase by 1 paise per kilometer. In AC classes, the fare will go up by 2 paise per kilometer. Earlier this month, Indian Railways made a significant announcement requiring Aadhaar authentication for tatkal train ticket bookings starting July 1, 2025. Through a directive issued on June 10, 2025, the Railway Ministry has informed all railway zones that this new requirement is intended "to ensure that the benefits of the Tatkal Scheme are received by the common end users." The railways' official notice stated that "With effect from 01-07-2025, tickets under Tatkal scheme can be booked through the website of Indian Railway Catering and Tourism Corporation ( IRCTC )/ its app only by Aadhaar authenticated users." Live Events The ministry has also announced that beginning July 15, 2025, travellers will be required to complete an additional step of Aadhaar-based OTP authentication whilst booking tatkal tickets. The new guidelines established limitations on Tatkal ticket reservations for authorised booking agents of Indian Railways. These representatives are now barred from booking first-day Tatkal tickets within the initial half-hour window. The restriction is effective from 10.00 am to 10.30 am for AC class bookings and from 11.00 am to 11.30 am for non-AC class bookings. The railway ministry has directed both the Centre for Railway Information Systems (CRIS) and IRCTC to make necessary system modifications and communicate these changes to all zonal railway divisions. This initiative seeks to streamline the Tatkal reservation process for travellers. Economic Times WhatsApp channel )
Time of India
27 minutes ago
- Time of India
Big $40 billion consumption boom on the horizon! Tax cuts, cheaper loans & 8th Pay Commission to drive new wave - what sectors should investors bet on?
According to HSBC's analysis quoted in the report, India's current discretionary spending stands at approximately $250 billion. (AI image) India is on the verge of a consumption boom - one that could potentially lead to an annual boost of $30–40 billion! A substantial consumer spending surge of $40 billion is poised to impact India's economic landscape. This significant development, expected to materialise within the next 18 to 24 months, could present a notable opportunity for stock market investors. India's vast population of 1.5 billion, coupled with increased disposable income from income tax reductions, salary increases and reduced borrowing costs (thanks to RBI's 1% repo rate cut), positions this consumer spending wave as particularly noteworthy. According to an ET report quoting HSBC Securities, analysts project yearly discretionary spending increases ranging from $30-40 billion. The calculations are straightforward: Tax reductions for individuals are projected to generate $12 billion in additional savings. The anticipated 8th Pay Commission's 15% salary enhancement could provide government and defence personnel with an extra $18-26 billion. Combined with $3-4 billion in mortgage payment reductions due to lower interest rates, this creates a substantial boost to consumer spending potential. According to HSBC's analysis quoted in the report, India's current discretionary spending stands at approximately $250 billion. The stimulus could enhance spending capacity by roughly 15%, which will be funds in consumers' hands. Whilst some individuals might opt to save or invest these gains, market analysts predominantly anticipate that a significant portion will be directed towards consumption. According to BofA Securities' Rahul Bajoria, India's consumption indicators show promising signs of improvement, supported by ongoing policy measures. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Undo With controlled inflation, front-loaded monetary easing, and reduced commodity prices helping with input costs, conditions appear favourable. Despite private consumption growth declining alongside GDP, Bajoria anticipates consumption to exceed GDP growth soon, driven by stabilising household incomes, reduced tax burdens and better credit accessibility. BofA projects significant strengthening of real wages in rural India, supported by low food inflation and steady income patterns, the ET report said. The monetary policy adjustments, including rate reductions of 100 basis points, liquidity enhancement exceeding Rs 12 lakh crore, and relaxed regulatory requirements for NBFCs and MFIs regarding risk weights, are collectively positioned to boost urban demand. Bajoria notes that personal credit growth, previously hindering consumption, is expected to show substantial improvement in upcoming quarters. Road Ahead for Investors To Make The Most Of Consumption Boom BNP Paribas' Kunal Vora identifies emerging opportunities in consumer sectors, particularly in food delivery and quick commerce. The food delivery sector has evolved into a sustainable duopoly following years of intense rivalry. Vora identifies Swiggy and Eternal as primary beneficiaries, anticipating substantial cash flow generation and increased participation in India's $1 trillion retail market, the report said. HSBC's Yogesh Aggarwal observes that whilst specific sector impacts remain uncertain, Indian consumers are increasingly adopting higher spending patterns. This includes vehicles, consumer products, electronic items, and recreational activities such as restaurant dining. The significance lies in the widespread nature of this consumption growth, spanning various product categories and consumer income levels. Valuations present an additional consideration. Nomura indicates that consumer equities have experienced significant corrections over six months, currently trading below their five-year averages by one standard deviation. Whilst previous consumption decline led to corporate earnings revisions, government initiatives focusing on demand stimulation through fiscal and monetary measures are demonstrating positive outcomes. According to ET, Nomura anticipates that reduced inflation and GDP growth, supported by FY26 tax reductions, will boost volume recovery and enhance margins, particularly as raw material costs decrease. They favour GCPL, Marico and Tata Consumer, organisations demonstrating robust pricing, premium offerings, innovation and strong brand value. Rural consumption is experiencing a revival. Incred Equities notes a significant 3.3% uptick in rural consumer confidence in May 2025, attributed to profitable rabi crop yields, early monsoon onset, and positive kharif season predictions. Reduced fuel costs and RBI's interest rate reductions have harmonised urban-rural consumer sentiment. Trideep Bhattacharya of Edelweiss Mutual Fund observes favourable conditions emerging. With declining inflation, improved liquidity, and budget provisions offering urban consumers a 5-7% income increase, he anticipates a significant shift in consumption during the latter half of the year, considering it a surprising performer of 2025. His fund introduced a consumption-focused strategy earlier this year. While essential goods have underperformed due to mass-market demand constraints, discretionary segments are showing recovery signs, the report said. For investors, the crucial $40 billion consideration isn't about the certainty of consumption growth but rather their readiness to capitalise on it. Economic indicators are positive, liquidity conditions are favourable, and growth prospects appear sustainable. The previous occurrence of such aligned factors resulted in substantial returns from Indian consumption stocks, suggesting potential similar outcomes. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
27 minutes ago
- Mint
Arisinfra Solutions IPO listing date likely tomorrow; Here's what GMP signals
Arisinfra Solutions IPO: The initial public offering (IPO) of construction and infrastructure solutions provider Arisinfra Solutions Ltd received decent response. The bidding period has ended and Arisinfra Solutions IPO allotment has been finalised, investors now focus on Arisinfra Solutions IPO listing date which is likely tomorrow, June 25. The public issue was open from June 18 to June 20, while the Arisinfra Solutions IPO allotment was fixed on June 24. Arisinfra Solutions IPO listing date is likely 25 June 2025. Ahead of Arisinfra Solutions IPO listing date, here's a look at the trends in the grey market premium (GMP). Arisinfra Solutions IPO GMP Today Arisinfra Solutions shares are showing no buzz in the unlisted market. According to stock market experts, Arisinfra Solutions IPO GMP today is ₹0 per share. This means that Arisinfra Solutions shares are trading without any premium or discount to their IPO price in the grey market. Considering the Arisinfra Solutions IPO GMP today, the estimated listing price of Arisinfra Solutions shares would be ₹222 apiece, which is at par to their issue price of ₹222 per share. Arisinfra Solutions IPO Details Arisinfra Solutions IPO opened for public subscription on June 18 and closed on June 20. The IPO allotment was finalized on June 23, and Arisinfra Solutions IPO listing date is likely June 25. Arisinfra Solutions shares will be listed on both the stock exchanges, BSE and NSE. Arisinfra Solutions IPO price band was fixed at ₹222 per share. The company raised ₹499.60 crore from the book-building issue which was entirely a fresh issue of 2.25 crore equity shares. Arisinfra Solutions IPO was subscribed 2.65 times in total as the issue received bids for 3.46 crore equity shares as compared to 1.30 crore shares on the offer, NSE data showed. The retail investors segment was subscribed 5.59 times, the Non Institutional Investors (NII) portion was booked 3.14 times, and the Qualified Institutional Buyers (QIBs) segment was subscribed 1.42 times. JM Financial, IIFL Capital Services, Nuvama Wealth Management are the book running lead managers of the Arisinfra Solutions IPO, while MUFG Intime India (Link Intime) is the IPO registrar.
