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On January 25th, Dixon announced its quarterly results, leading to a 20% crash in its share price on January 27th. The share price is down nearly 52% from its peak of 5600 to 2700. Dixon is a leading electronics manufacturer in India with a diverse portfolio, including mobile phones, LED TVs, washing machines, and laptops. The company has also entered the wearable device sector. Dixon had posted exceptional results in the past due to high liquidity in the market and government initiatives like PLI scheme and Atman initiative. However, recent Q3 results have caused a correction in Dixon's share price.
