The stock of electronics manufacturing services (EMS) major Dixon Technologies hit its all-time high at ₹16,840.25 a share on Monday. The country's largest EMS player was the highest gainer in the BSE 200 index, closing the day with gains of 6 per cent at ₹16,759.
The stock surged after the company announced that its wholly-owned subsidiary Padget Electronics, in partnership with Compal, has commenced mass production of Google Pixel smartphones for Google's Indian arm, Google Information Services India.
Commenting on the Google partnership, Siddhartha Bera and Kapil Singh of Nomura Research believe that while volumes are low, realisations are significantly better at ₹25,000-26,000 per unit for Pixel production than its current average realisation of ₹9,000 per unit.
Assuming a 60 per cent share of the business, this could potentially add around ₹1,500 crore in revenues, representing about 4 per cent of FY26 smartphone sales. However, analysts highlighted that the production ramp-up was likely to be gradual.
Diese Geschichte stammt aus der December 03, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 03, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Uber rolls out Asia's first water transport service with shikara bookings at Dal Lake
Tourists visiting the iconic Dal Lake will now enjoy a hassle-free travel experience with the launch of Uber's first water transport service in Asia, aptly named 'Uber Shikara'.
Warmer than normal winters likely this season, says IMD
Nov 2024 among the warmest since 1901
Ram Janmabhoomi stir picked up pace after Shah Bano case: Jung
The Ram Janmabhoomi movement gained momentum after the Rajiv Gandhi government's knee-jerk reaction to the Shah Bano case in 1985, leading to cascading communalism in the country, former Delhi lieutenant governor Najeeb Jung said on Monday.
Delhi airport sets up special enclosures for delayed flights
The Delhi airport is establishing special enclosures at its terminals to accommodate passengers stuck in aircraft for more than three hours.
Swiggy expands its 10-min Bolt delivery service to over 400 cities
'BOLT' FROM BLUE
Ola Electric powers ahead with 4,000 store target
Marks 4x increase with 3,200 new outlets joining 800 existing stores
MAY THE BEST AIP WIN
Navy's choice between German and Spanish submarines could boil down to who has the best Air Independent Propulsion
Macro-driven funds that can fall prey to timing risk
DSP Mutual Fund has launched the DSP Business Cycle Fund.
Dixon Tech to gain from high volumes, new biz
May emerge as major smartphone manufacturer; brokerages positive
Price hikes key trigger for cement majors
Cement had a slow quarter with volumes up 3 per cent year-on-year (Y-o-Y) on average in the second quarter of the current financial year (Q2FY25).
