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On 25th January, Dixon announced its quarterly results and by Friday 27 January, Dixon Technology's share price plummeted 20%, causing a total decline of 52% from its peak of 5600 to 2700. Dixon is a leading Electronics manufacturer in India, producing mobile phones, LED TVs, lights, washing machines, laptops, and security cameras with renowned brands. They have also ventured into wearable devices. The company has shown exceptional performance in recent years, benefitting from high market liquidity and government initiatives like the PLI scheme and Atmanirbhar Bharat. After a significant increase in share price post-COVID, a market correction has now led to a drop in Dixon's stock value, despite promising Q3 results.