Dixon Technologies (India), which had closed yesterday at Rs.14461.85, opened higher at Rs.14848, going up to hit a new high at Rs.15334.10.
The stock price reacted to the news that it has entered into an agreement with boat for manufacturing of Twin wireless speakers.
Dixon shall be manufacturing the said products from its manufacturing facility located at Noida, Uttar Pradesh.
boAt is the leader in the earwear segment. Their high quality audio devices are known for their style and efficiency.
Dixon is the largest home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Their diversified product portfolio includes (i) consumer electronics like LED TVs; (ii) home appliances like washing machines; (iii) lighting products like LED bulbs and tubelights, downlighters; (iv) mobile phones; and (v) CCTV & DVRs (vi) Medical Equipment. Dixon also provides solutions in reverse logistics i.e. repair and refurbishment services of set top boxes, mobile phones and LED TV panels.