Dixon Tech Surges 6.81%; Vivo JV Nears Approval; Apple Plans 5 New Models

Mumbai, July 6: Shares of Dixon Technologies (India) Ltd (NSE: DIXON) ended higher by Rs 848.00 or 6.81% at Rs 13,304.00 on Monday, after touching an intraday high of Rs 13,319.00, up 6.93% on Monday. Shares of the Dixon tech were among the top gainers on the exchange today, continuing to climb higher throughout the day.

DIXON began the day at Rs 12,480.00, reached a high of Rs 13,350.00 (intraday high), a low of Rs 12,355.00 and closed the trading day at Rs 13,304.00 versus previous close at Rs 12,456.00. The range of nearly Rs 1,000 between the day’s high and low suggests volatility in the security, which came after a period of churn in the stock at the open as it gradually worked higher into the afternoon. The stock’s volume weighted average price, or VWAP, was Rs 13,001.82 for the day. View intraday chart here.

Digging into the order book for DIXON on Monday shows buying pressure as the stock continued to rally through the day. Shortable shares in the order book mounted to 314 shares at the bid price of Rs 13,304.00 and no sell orders were visible on the book at the time of closing bell.

The following are some of the recent developments pertaining to the company that might have aided the shares of Dixon Technologies to surge:

Dixon Technologies-Vivo JV Likely to Get Approval Soon: Report

CNBC-Awaaz reported on June 30, citing sources, that the Inter-Ministerial Group has cleared the proposed joint venture between Dixon Technologies and Vivo, with only a formal government approval letter pending. Once the letter is issued, the two companies are expected to proceed with joint venture operations in India’s electronics manufacturing sector, the report said.

The development comes as the Indian government has tightened scrutiny of Chinese-linked investments, pushing for greater Indian ownership in ventures tied to Chinese companies. Proposals involving Chinese-linked FDI in electronics and smartphone assembly have faced longer-than-usual review timelines under this approach. Dixon has emerged as one of India’s largest contract manufacturers of electronics and mobile phones, supplying several companies under the government’s Production Linked Incentive (PLI) scheme.

Apple Eyes Bigger Smartphone Share With Five New iPhones

Separately, Nikkei Asia reported on July 3 that Apple plans to launch at least five new iPhone models between the second half of 2026 and the first half of 2027, while ramping up production of foldable devices to grab a bigger slice of the market during an industry-wide component shortage. Apple has asked suppliers to prepare components for around 10 million foldable iPhones this year, up from an earlier estimate of 7 to 8 million units, and has already secured parts for close to 80 million smartphones for the July-December period, the report said, citing people familiar with the matter. While Apple’s own India assembly is handled by other contract manufacturers, the broader ramp-up in global smartphone component demand feeds into the same electronics manufacturing ecosystem in which Dixon operates as a large domestic player.

Dixon Technologies has become a prominent homegrown player in Apple’s expanding Indian supply chain. While global giants like Foxconn and Tata Electronics assemble iPhones, Dixon entered the ecosystem by acquiring a 51% stake in Kunshan Q Tech India for ₹553 crore.

Source: NSE quote data