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On January 25th, Dixon announced its quarterly results. By January 27th, Dixon Technology's share price had crashed by 20%, down nearly 52% from its peak of 5600 to 2700. Despite being a leading Electronics manufacturer in India with a diverse product portfolio, including mobile phones, LED TV, washing machines, and more, Dixon has faced a significant decrease in share price due to market liquidity issues and corrections. The company had previously seen exponential growth due to high liquidity in the market and government initiatives such as the PLI scheme and Atman initiative. Investors had favored Dixon as a manufacturing sector stock, leading to a substantial increase in share price before the recent decline in Q3 results.
