Dixon Technologies Ltd’s share price has surged following a key development.
On March 10, 2026, Dixon Technologies Ltd experienced a notable increase in its share price after receiving government approval for a joint venture with HKC Overseas Limited. The 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 an increase of ₹482.00 or 4.92%. This surge comes as Nomura retained its ‘Buy’ rating on Dixon Technologies, citing a potential upside of 50% based on the company’s future performance.
Nomura has suggested a target price of Rs 14,678, which is based on estimated earnings per share for FY28. The joint venture is expected to manufacture liquid crystal display modules and thin-film transistor liquid crystal display modules, which are crucial components in the electronics sector.
Dixon Technologies plans to invest approximately Rs 1,200 crore in this display manufacturing project, which aims to bolster India’s domestic display ecosystem and reduce reliance on imports. The construction of Dixon’s display plant is reportedly on track, with trials anticipated to begin in the second quarter of FY27.
According to Nomura, the display module assembly constitutes roughly 10% of the bill of materials and typically carries healthy double-digit margins. This strategic move is expected to enhance value addition for Dixon, particularly alongside its ongoing ramp-up of camera modules.
The approval for the joint venture clears a significant regulatory hurdle for Dixon’s expansion into display manufacturing. This venture is seen as a pivotal step in strengthening India’s manufacturing capacity across the electronics and automotive segments.
Nomura emphasized that this partnership will not only enhance Dixon’s operational capabilities but also serve as a long-term structural margin tailwind.
As Dixon Technologies continues to grow, its market capitalisation currently stands at approximately ₹62,550 crore, reflecting its significant position in the Indian electronics manufacturing landscape.
Overall, the developments surrounding the Dixon share price and its strategic initiatives indicate a promising outlook for the company in the coming years.
