Stock Report

Dixon's Wholly Owned Subsidiary-Padget enters into an MOU with Asus for manufacturing of notebook

Posted On : 2024-09-13 19:10:49( TIMEZONE : IST )

Dixon's wholly owned subsidiary - Padget Electronics Private Limited has entered into an MOU with Asus to carry out manufacturing of information technology products i.e. notebooks, subject to signing of definitive agreements with Asus's entity/ies or its affiliate(s), in due course.

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 life, ASUS is the world's No. 1 motherboard and gaming brand as well as a top-three consumer notebook vendors.

Commenting on this association, Mr. Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies, expressed, "It gives us an immense pleasure to partner with iconic brand Asus for manufacturing of notebooks. We are delighted and encouraged by the trust they have bestowed on Dixon for this collaboration. 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 & we intend to leverage each other's strengths to manufacture notebook products.

Dixon Group is committed to have pivotal impact in making India an 'Atmanirbhar Bharat' backed by our commitment and performance."

Shares of Dixon Technologies (India) Limited was last trading in BSE at Rs. 13021.40 as compared to the previous close of Rs. 12846.85. The total number of shares traded during the day was 9271 in over 2283 trades.

The stock hit an intraday high of Rs. 13113.50 and intraday low of 12788.75. The net turnover during the day was Rs. 120321904.00.