Dixon Technologies share price slips 5% in firm market; here’s why

Dixon Technologies share price lost 5 per cent on BSE in Monday’s (September 2) intraday trade to hit a low of Rs 12,491.05. As of 12:45 PM, shares of Dixon Technologies were down 4.28 per cent or Rs 564.05 to Rs 12,622.5 per share. The market capitalisation of the company stood at Rs 75,528.74 crore.

By comparison, the BSE Sensex was up around 130 points at 82,500 level.

On Friday, UBS Principal Capital Asia offloaded 6,86,064 shares at an average price of Rs 13,178.47 per share, NSE data shows. The stake was worth Rs 904.12 crore. Similarly, Gravitation Research Capital also sold 3,93,569 shares at Rs 13,230.76 per share, implying a deal worth Rs 520.72 crore.