On June 24, 16.7 lakh shares have been bought in a block deal at Dixon Applied sciences (India) Restricted. These shares are equal to the corporate’s 2.77 % stake. The shares have been bought by the corporate’s promoter Sunil Vachani at a median worth of Rs 13,301.47 per share. The entire worth of the transaction was Rs 2,200 crore. By the top of March 2025, Wachani had a 5.34 % stake within the firm. On Tuesday, the share of Dixon Applied sciences got here down 0.80 paise on BSE a day and went as much as Rs 14438.40. The inventory fell 0.35 per cent to settle at Rs 14502.45 when the buying and selling was closed. The corporate’s market cap is Rs 87600 crore. The inventory has jumped 235 % in 2 years and 19 % within the yr 2025. In 5 years, the inventory has seen an increase of about 1200 %. Speaking concerning the shares of shares bought within the block deal purchased, a lot of the shares have been purchased by Motilal Oswal Mutual Fund. The fund home has purchased 14.46 lakh shares in Dixon Applied sciences at a median worth of Rs 13,307 per share. In line with the shareholding sample until the top of March 2025, Motilal Oswal Nifty Midcap 100 ETF had a 2.24% stake in Dixon Applied sciences. Home mutual funds had 17.2 % share within the firm by the top of March 2025. Insurance coverage corporations led by LIC and HDFC Life had 5.16 share. On the identical time, 3.6 lakh small retail shareholders with licensed share capital as much as Rs 2 lakh had a ten.1 % stake in Dixon Applied sciences. Needed to maintain ‘by’ by ‘bye’. On the identical time, the goal worth was diminished from Rs 16500 to Rs 15650 per share. Nomura gave a ‘by’ score however diminished the goal worth from Rs 21,202 to Rs 22,005. Of the 33 analysts protecting the inventory of Dixon Tech, 20 have given it ‘Bay’, 5 ‘Maintain’ and eight ‘SAIL’ rankings. CLSA has rated the ‘outperform’ on this inventory. The goal worth has been fastened at Rs 19000. Morgan Stanley has set a goal of Rs 8696 with ‘Equal Weight Score’. Disclaimer: Recommendation or concepts on Moneycontrol.com have their very own private views of consultants/brokerage corporations. The web site or administration is just not liable for this. Moneycontrol advises to customers that all the time search the recommendation of licensed consultants earlier than taking any funding resolution.
