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On 25th January, Dixon announced its quarterly results. By 27th January, the share price had dropped by 20%, reaching 52% below its peak. Dixon is a top Indian electronics manufacturer, producing a range of products. They have expanded into wearable devices recently. The company has shown strong results, especially after government initiatives to boost manufacturing. Dixon was a favorite stock for investors but recently faced a drop in share price after high liquidity in the market decreased.