Shares of Dixon Technologies rallied sharply on Tuesday morning after the company received approval from the Ministry of Electronics and Information Technology for its proposed joint venture with HKC Overseas Ltd, boosting investor sentiment.
Dixon Tech share price today
The stock jumped as much as 7.4 per cent in early trade, climbing to ₹10,530 from its previous close of ₹9,804, reflecting strong buying interest following the regulatory clearance.
By 10.11 am, the shares were trading 4 per cent higher at ₹10,209, maintaining solid gains amid sustained market activity.
Following completion of the transaction, HKC Overseas will acquire a 26 per cent stake in Dixon Display Technologies Private Ltd, which is currently a wholly owned subsidiary of Dixon Technologies.