Dixon Tech stock rallies 3%, tops Rs 10K mark for first time; details here

Dixon Tech stock soars: Shares of Dixon Technologies climbed as much as 3.30 per cent to hit a fresh all time high of Rs 10,085 on Friday.

This uptick in stock price followed the company’s announcement of its intention to establish a joint venture (JV) with HKC Corporation, pending necessary regulatory approvals and the finalisation of agreements.

The proposed JV aims to engage in the manufacturing of liquid crystal modules (LCM) and thin-film transistor liquid crystal display modules (TFT-LCD modules), along with assembling various end products such as smartphones, TVs, monitors, and auto displays. Furthermore, it plans to market HKC branded end products to tap into local markets within India.