Padget Electronics to commence manufacturing of Nokia smartphones as HMD Global's manufacturing partners

Dixon's wholly owned subsidiary - Padget Electronics, has entered into an agreement with HMD India for manufacturing of Nokia smartphones. The smartphones will be manufactured at Padget's manufacturing facility situated at Naida, Uttar Pradesh.

Commenting on this occasion, Mr. Atul B. Lall, Vice Chairman & Managing Director - Dixon said, "It gives us immense pleasure to announce that we have partnered with HMD Global as manufacturers of Nokia smartphones in India, which is an iconic brand. They have established a strong and trusted foothold globally thanks to their advanced technology. We are sure that with their vision and stringent industry-leading processes, combined with our expertise in manufacturing, we will be able to bring a range of Nokia smartphones to customers."

Shares of Dixon Technologies (India) Ltd was last trading in BSE at Rs.14072.7 as compared to the previous close of Rs. 14679.4. The total number of shares traded during the day was 10125 in over 5912 trades.

The stock hit an intraday high of Rs. 14753.1 and intraday low of 13448.15. The net turnover during the day was Rs. 143119555.

Source : Equity Bulls

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