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On January 25th, Dixon announced its quarterly results. On January 27th, Dixon's share price dropped by 20% to 2700 from its peak of 5600. Dixon is a top Electronics manufacturer in India producing mobile phones, LED TVs, LED lights, washing machines, laptops, security cameras, and wearable devices. The company has consistently shown strong results, especially after government initiatives like PLI scheme and Atman initiative to boost manufacturing sector. Dixon became a favorite stock for investors, leading to a significant increase in share price. However, the latest Q3 results led to a correction in share price.
