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.
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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.
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