Dixon Technologies Ltd’s share price has experienced 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%.
Nomura has retained its ‘Buy’ rating on Dixon Technologies, citing a potential upside of 50% for the company’s shares. The investment firm has suggested a target price of Rs 14,678 based on estimated earnings per share for FY28.
The joint venture, which aims to manufacture liquid crystal display modules and thin-film transistor liquid crystal display modules, is expected to strengthen India’s domestic display ecosystem and reduce reliance on imports. This initiative is part of Dixon’s broader strategy to enhance its manufacturing capabilities in the electronics sector.
Dixon plans to invest approximately Rs 1,200 crore in the display manufacturing project, with construction of the display plant on track and trials anticipated to begin in Q2FY27. Display module assembly is projected to account for about 10% of the bill of materials, typically yielding healthy double-digit margins.
Nomura highlighted that this venture, along with the ramp-up of camera modules, will significantly increase value addition for Dixon, providing a structural margin tailwind in the long term.
The approval from the Ministry of Electronics and Information Technology (MEITY) clears a crucial regulatory hurdle for Dixon’s planned expansion into display manufacturing through this strategic partnership with HKC.
As Dixon Technologies continues to grow, its market capitalization currently stands at approximately ₹62,550 crore, reflecting its strong position in the electronics manufacturing services sector in India.
The joint venture is expected to enhance manufacturing capacity across the electronics and automotive segments, further solidifying Dixon’s role in the industry.
Overall, the positive developments surrounding Dixon Technologies and its share price reflect a promising outlook for the company in the competitive electronics market.
