Dixon Technologies up 4% as JV starts manufacturing of CCTVs, DVRs

(Image: www.moneycontrol.com)

Dixon Technologies, India’s leading home grown design-focused and solutions company gained 4% intraday Wednesday as it has started manufacturing of CCTVs and DVRs.

AIL Dixon Technologies, a joint venture company of Dixon Technologies (India) commenced manufacturing of CCTVs and DVRs on January 2, 2018. The products will be manufactured at company’s manufacturing facility situated at Tirupati, India.

Atul B. Lall, MD, Dixon Technologies (India) said, “We are glad to partner with Aditya InfoTech who are the pioneers and the leaders in this space.”

“Association with a brand like CP Plus is another golden feather in the Dixon’s Cap and we are positive that this association is going to create several new milestones for both the company and Aditya Infotech,” he added.

At 11:27 hrs Dixon Technologies was quoting at INR 4,212, up INR 77.95, or 1.89% on the BSE.

The share touched its 52-week high INR 4,490.85 and 52-week low INR 1,766 on 26 December, 2017 and 17 September, 2017, respectively.

Currently, it is trading 6.21% below its 52-week high and 138.51% above its 52-week low.

(Source: www.moneycontrol.com)

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