Dixon Technologies shares hit all-time high on MoU with Asus for notebooks

Established in 1989, Asus is a multinational company known for the world’s best motherboards and high-quality personal computers, monitors, graphics cards, servers, routers, smartphones, optical storage, multimedia products, peripherals, wearables, and other technology solutions.

Dedicated to creating products for today’s and tomorrow’s smart lives, Asus is the world’s No. 1 motherboard and gaming brand as well as a top-three consumer notebook vendor, the company's press release added. 

"Asus has established a strong and trusted foothold worldwide, thanks to its advanced technology, and we see them as our ideal long-term strategic partner who shares our core values: focus on quality, engineering prowess, and customer satisfaction, and we intend to leverage each other’s strengths to manufacture notebook products. Dixon Group is committed to having a pivotal impact in making India an ‘Atmanirbhar Bharat’ backed by our commitment and performance," Lall added. 

Dixon Technologies (India) is a well-known company engaged in manufacturing products in the consumer durables, lighting, and mobile phones markets in India.

Last week, the company announced signing a memorandum of understanding (MoU) with HP India.

Dixon Technologies’ consolidated revenue from operations for the June quarter of FY25 increased over 101% to ₹6,579.8 crore against ₹3,271.5 crore in the June quarter of the preceding fiscal. Sequentially, the company’s revenue from operations increased over 41% from ₹4,657.97 crore in the March quarter of FY24.

Dixon Technologies' stock performance

Shares of Dixon Technologies have jumped 180% in the past 12 months and 2,505% over the last five years.