Dixon Technologies Ltd’s share price has seen a notable increase following the recent approval of a joint venture with HKC Overseas Limited.
On March 10, 2026, Dixon’s stock rose by 7.10%, reaching a high of Rs 10,501 on the Bombay Stock Exchange (BSE). As of 9:44 am IST, the stock was trading at ₹10,286.00, reflecting a gain of ₹482.00 or 4.92%. This surge comes on the heels of a positive assessment from Nomura, which retained its ‘Buy’ rating on the company.
Nomura has projected a potential upside of 50% for Dixon Technologies, suggesting a target price of Rs 14,678 based on estimated earnings per share for FY28. The investment community is responding favorably to the news, as Dixon’s market capitalization now stands at approximately ₹62,550 crore.
The joint venture, which will focus on the production of liquid crystal display modules and thin-film transistor liquid crystal display modules, aims to bolster India’s domestic display ecosystem. This initiative is expected to reduce the country’s reliance on imports while enhancing manufacturing capacity across the electronics and automotive sectors.
Dixon plans to invest around Rs 1,200 crore in this display manufacturing project, with construction of the display plant reportedly on track. Trials are anticipated to commence in the second quarter of FY27, further solidifying Dixon’s position in the market.
According to Nomura, “This along with camera modules, which is already in ramp-up stage, will increase value addition by Dixon and remains a longer-term structural margin tailwind, in our view.” This statement underscores the strategic importance of the joint venture in enhancing Dixon’s operational capabilities.
The approval from the Ministry of Electronics and Information Technology (MEITY) clears a significant regulatory hurdle for Dixon, paving the way for its planned expansion into display manufacturing. The joint venture is expected to contribute positively to the company’s growth trajectory.
As Dixon Technologies continues to advance its initiatives, the market remains optimistic about its future performance. The joint venture is seen as a critical step in strengthening the company’s competitive edge in the rapidly evolving electronics sector.
Overall, the developments surrounding Dixon Technologies Ltd’s share price reflect a broader trend of increasing investor confidence in the company’s strategic direction and growth potential.
