Dixon Technologies (India) through its subsidiary Padget Electronics (Padget) has signed a memorandum of understanding with Asus India to manufacture information technology products such as notebooks, for the company. Dixon Technologies is a home grown design-focused tech solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India.
Post the signing, shares of Dixon Technologies surged 6 per cent on the BSE on Monday.
Asus is a multinational company known for some of the best motherboards and high-quality personal computers, monitors, graphics cards, servers, routers, smartphones, optical storage, multimedia products, peripherals, wearables and other technology solutions. The company also claims to have the best motherboard and gaming laptop, as well as being one among the top-three consumer notebook vendors.
Dixon’s diversified product portfolio includes consumer electronics like LED TVs, home appliances like washing machines, lighting products like LED bulbs and tubelights, downlighters, mobile phones, CCTVs and DVRs, wearables, and refrigerators, among other appliances. It also provides solutions in reverse logistics, that is, repair and refurbishment services of LED TV panels.
The company's stock has risen for the sixth consecutive trading day, gaining 15 percent over this period. Over the past year, it has surged 182 percent, while the benchmark index has only increased by about 23 percent.
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