Latest news with #SunilVachani
Time of India
16 hours ago
- Business
- Time of India
Prices of ACs, larger TVs, dishwashers set to dip 8%
File photo NEW DELHI/MUMBAI: Expect a bumper Diwali for consumers as plans to rationalise and reduce GST rates on ACs, televisions (above 32-inch) and dishwashers will see retail prices come down by as much as 7-8%, leading to price cuts from a few thousand rupees to over Rs 10,000 on premium products. The industry said the decision, particularly around Diwali, will result in mega festive sales, something which will also help shrug off any negative sentiments flowing in due to geopolitical concerns, IT slowdown, or US tariffs. The GST cut will easily be one of the steepest consumer price cuts in a segment that has been stagnating for years, especially as incomes of buyers in the entry categories never matched price increments. 'It will be a super Diwali this time around. Expect price cuts of up to 8% across categories,' Manish Sharma, chairman of Panasonic Life Solutions India and South Asia, told TOI . He said that most of the pre-festive sales are likely to shift towards Diwali as consumers will purchase as and when the cuts happen. To Wipe Out Negative Sentiment Currently, the categories of ACs, larger TVs and dishwashers are taxed at 28%, which is now likely to go down to 18% GST rate. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo Sunil Vachani, chairman of Dixon Technologies, which is the country's biggest contract manufacturer, said that the measure will help generate demand and will specially encourage the transition to bigger TVs and other premium products. 'The industry expects that demand for TVs with sizes upwards of 40 inches will go up significantly, which will lead to premiumisation of the category. Also, categories such as ACs and dishwashers still have lower penetration and should get a boost by price cuts as GST rates come down,' Vachani said. Sources said that companies such as Samsung, LG, and Sony have started to ramp up production, specially of premium variants, in view of the expected cut in GST rates. 'With rising temperatures, cooling appliances like ACs are no longer a luxury and have become a necessity. However, the AC penetration levels in India is still low at 910%.GST reduction on ACs can help make it more affordable for the masses and improve the quality of life for many Indians,' said Kamal Nandi, business head (appliances business) at Godrej Enterprises Group. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
India Today
24-06-2025
- Business
- India Today
Stocks to watch today: Dixon Tech, Enviro Infra, Tata Motors, Adani Energy
Stock markets started the week on a weak note as rising geopolitical tensions in the Middle East weighed on investor sentiment. The benchmark indices fell over half a percent on Monday. However, reports suggesting a possible ceasefire between Iran and Israel could help bring some stability to the market. As investors look forward to Tuesday's session, here are the key stocks to keep an eye TECHNOLOGIESShares of Dixon Technologies will be in focus after a big promoter-level transaction. Sunil Vachani, the promoter of Dixon, sold 16.7 lakh shares, which is 2.77% of the company's total equity. The shares were sold at an average price of Rs 13,301.47 each, totalling Rs 2,221.3 the same time, Motilal Oswal Mutual Fund bought 2.4% stake in the company, purchasing shares worth Rs 1,923.8 crore at an average price of Rs 13,307.96 per share. This shows continued interest from institutional investors in the electronics manufacturing services INFRA ENGINEERSEnviro Infra Engineers has won new projects worth Rs 306.30 crore in the domestic market. The company, which provides water and waste-water treatment solutions, also announced two major acquisitions in the renewable energy acquired Vento Power Infra, which owns a 40 MW solar power project in Odisha, for Rs 115.61 crore. It also bought Soltrix Energy Solution, which holds a 29 MW solar project in Maharashtra. The Maharashtra project will receive financial support of Rs 3.20 crore per MW from the state government, amounting to a total of Rs 92.80 crore. The project will earn Rs 0.88 per unit over 25 acquisitions mark Enviro Infra's strategic entry into the solar power business, with a combined capacity of 69 MOTORSTata Motors has revealed the pricing for its new electric SUV, the The vehicle will be available in rear-wheel drive variants. Bookings for the car will begin from July starting price for the basic "Adventure" variant is Rs 21.49 lakh. The top variant will be priced at Rs 27.49 lakh. This move reflects Tata Motors' continued focus on expanding its electric vehicle SHIPYARDA subsidiary of Cochin Shipyard has received an order worth between Rs 100 crore and Rs 250 crore to build two luxury river cruise vessels. The company did not disclose the exact value of the deal but said the new vessels would support growth in inland and river INFRA ENGINEERINGHG Infra Engineering has been declared the lowest bidder by the Military Engineer Services (MES) for a project at the Naval Dockyard in Mumbai. While the company did not reveal the bid amount, the announcement could help the stock as it shows a growing pipeline of government infrastructure ENERGYAdani Electricity Mumbai has completed an open market repurchase of senior secured notes worth $49.5 million. This move is part of the company's efforts to manage its debt and improve financial are expected to keep a close eye on developments in the Middle East, which continue to drive global oil prices and impact market direction. Meanwhile, these stock-specific updates are likely to influence trading action on Tuesday.- Ends advertisement
Economic Times
24-06-2025
- Business
- Economic Times
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 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 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)
Time of India
24-06-2025
- Business
- Time of India
Dixon Technologies shares in focus after promoter offloads 2.77% stake for over Rs 2,221 crore
Live Events 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 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 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 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 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 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)
Mint
24-06-2025
- Business
- Mint
Stocks to watch: Tata Motors, Dixon Tech, L&T, HG Infra among shares in focus today amid Israel-Iran war
Sunil Vachani, the promoter of Dixon Technologies (India), sold a 2.77% stake in the domestic contract manufacturing company via an open market transaction, raising over ₹ 2,221 crore. India's leading electric four-wheeler manufacturer has revealed the launch prices of its all-electric SUV, the Pre-bookings for the vehicle are set to open on July 2, 2025. Sona BLW Precision has named Jeffrey Mark Overly as the new Chairperson of the company and posthumously honored the late Sunjay Kapur with the title of 'Chairman Emeritus'. The company announced the successful listing of India's first ESG (Environmental, Social, and Governance) bonds on the National Stock Exchange, having raised ₹ 500 crore through non-convertible debentures (NCDs). The state-owned company announced that its fully owned subsidiary, Hooghly Cochin Shipyard Limited (Hooghly CSL), has received a significant order worth between ₹ 100 crore and ₹ 250 crore from Heritage River Journeys Private Limited, which operates under the Antara River Cruises brand. HG Infra Engineering has announced that it has emerged as the lowest bidder for an infrastructure project at the Naval Dockyard in Mumbai, awarded by the Military Engineer Services (MES). The quick service restaurant operator announced plans to raise its equity stake in Sky Gate Hospitality Private Limited from 80.72% to around 86.13% by making a fresh investment of up to ₹ 106.25 crore. Garware Technical, a producer of technical textiles, has announced that its wholly owned UK subsidiary has acquired the Norwegian cordage company Offshore and Trawl Supply AS (OTS). Acme Solar Holdings has obtained refinancing of ₹ 1,072 crore for its 250 MW operational solar project in Rajasthan. The company delivered a mixed performance across its major business segments in May 2025, showing a modest increase in Less-than-Container Load (LCL) volumes while Full Container Load (FCL) volumes remained steady. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
