Dixon Technologies India Ltd., founder and chairman Sunil Vachani has sold 16.7 lakh shares, marking a 2.77% stake at Rs 13,301.47 apiece. He has offloaded shares worth Rs 2,221 crore in the bulk deal.
Sunil Vachani had earlier held 5.34% stake as of March 2025, according to BSE Shareholding data. As the founder off-loads nearly half of his holding, Motilal Oswal Mutual Fund has bought 14.45 lakh shares. This is 2.4% stake at Rs 13,307.96 apiece.
The analyst's take on the counter is positive given out of 33 analysts tracking the company, 19 have a 'buy' rating on the stock. Five analysts recommend 'hold' and nine suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target of Rs 16,639 implies a potential upside of 14.2%. Big brokerage names like Goldman Sachs, Motilal Oswal Securities, JM Financial, Nomura are among others that track the tech company.
About 37 mutual funds hold shares of the company, marking about a 17.20% stake. Nippon Life India via Nippon India ETF holds the highest stake among mutual funds with a 2.30% shareholding.
The second largest holding is from Motilal Oswal, under the Nifty Midcap 100 ETF, with a 2.24% stake holding. While Axis Mutual Fund and UTI Mutual Fund have over 1% shares.
Insurance companies like Life Insurance Corporation of India and HDFC Life Insurance Company Ltd.
Resident retail investors holding share capital of up to Rs 2 lakhs come up to a 10.10% shareholding. In the Foreign Portfolio Investors Category I, there are 730 shareholders, while the Foreign Portfolio Investors Category II are 47. This adds up foreign shareholding to 21.81% in the company.
Shares of Dixon Technologies closed 3.73% higher at Rs 14,571 apiece on the NSE. The stock has declined 18.76% on a year-to-date basis. The scrip has risen 26.28% in the last 12 months.
RECOMMENDED FOR YOU
1,000 Applicants Fail Coding Test For Rs 50 LPA Job: Bengaluru CEO Highlights 'India's Talent Problem'
Jul 02, 2025
Sunil Jayawant Kadam Takes Charge As SEBI's Executive Director
Jul 01, 2025
Capital Group Buys 12% Stake In 360 One WAM For Rs 245 Crore
Jun 26, 2025
'Can Be Best In The World But...': Dixon Tech Chief On India's Electronic Manufacturing Goals
May 21, 2025
POPULAR