India's Dixon Technologies jumps on deal to make smartphones for France's Alcatel

About this update from Dixon Technologies (india) Ltd.

** Shares of Dixon Technologies NSE:DIXON jump 6% to 16,098 rupees ** Electronic manufacturing services (EMS) provider's unit Padget Electronics enters into a contract manufacturing agreement with Nxtcell India** Under the agreement, Dixon and Nxtcell will make smartphones for the French tech brand Alcatel in the Indian market** The average rating of 24 analysts tracking DIXO is "buy", the median target price is 16,500 rupees - data compiled by LSEG** DIXO shares are down 15.3% in 2025 so far, underperforming the Nifty midcap 100 index NSE:CNXMIDCAP which is down about 4%, exchange data shows

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