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On 25th January, Dixon announced its quarterly results. By 27th January, Dixon Technology's share price had dropped by 20%, down nearly 52% from its peak of 5600 to 2700. Dixon is a top Electronics manufacturer in India, producing a range of products including mobile phones, LED TV, washing machines, laptops, and security cameras. The company has expanded into the wearable device sector and has consistently delivered exceptional results over the years. The market liquidity and government initiatives such as PLI scheme and Atman Nirbhar initiative have contributed to Dixon's popularity among investors. However, the share price experienced a significant drop as liquidity tightened.
