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On 25th January, Dixon announced its quarterly results, leading to a 20% crash in its share price on 27th January. The share has decreased by 52% from its peak of 5600 to 2700. Dixon, a leading electronics manufacturer in India, produces mobile phones, LED TVs, lights, washing machines, laptops, security cameras, and wearable devices. The company has consistently delivered exceptional results due to high liquidity in the market and government initiatives such as PLI scheme and Atmanirbhar initiative. Despite being a favorite among investors, Dixon shares have corrected recently after a period of exponential growth following the announcement of Q3 results.
