Dixon Technologies Share Price Update
Dixon Technologies Ltd experienced a significant surge in its share price following the recent approval of a joint venture with HKC Overseas Limited. As of March 10, 2026, the stock rose by 7.10%, reaching a high of Rs 10,501 on the Bombay Stock Exchange (BSE).
According to Nomura, the shares may potentially deliver a 50% upside, prompting the firm to retain its ‘Buy’ rating on Dixon Technologies. The investment firm suggested a target price of Rs 14,678 based on estimated earnings per share for FY28.
As of 9:44 am IST on the same day, Dixon’s stock traded at ₹10,286.00, reflecting an increase of ₹482.00 or 4.92%. The company’s market capitalisation stood at approximately ₹62,550 crore.
The joint venture, which will focus on manufacturing liquid crystal display modules and thin-film transistor liquid crystal display modules, aims to strengthen India’s domestic display ecosystem and reduce reliance on imports. Display module assembly constitutes roughly 10% of the bill of materials and typically carries healthy double-digit margins.
Dixon plans to invest about Rs 1,200 crore in the display manufacturing project, with construction of the display plant on track and trials expected to commence from Q2FY27. Nomura noted that this initiative, alongside the ramp-up of camera modules, will enhance value addition for Dixon and serve as a long-term structural margin tailwind.
The approval of the joint venture clears a significant regulatory hurdle for Dixon’s expansion into display manufacturing, marking a pivotal moment in the company’s growth strategy. The venture is expected to bolster manufacturing capacity across the electronics and automotive segments in India.
Overall, the market’s positive response to the joint venture highlights investor confidence in Dixon Technologies’ future prospects. As the company moves forward with its ambitious plans, stakeholders will be closely monitoring developments in the coming months.
