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On January 25th, Dixon announced its quarterly results, and on January 27th, its share price crashed by 20%. The share price has fallen by 52% from its peak of 5600 to 2700. Dixon is a leading 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 been consistently posting exceptional results in recent years. The high liquidity in the market and government initiatives like PLI scheme and Atmanirbhar Bharat have made Dixon a favorite among investors in the manufacturing sector.
