Dixon Technologies Stock Surges 11.26%; Gets Government Nod for Display Module JV with HKC Overseas

By Ventura Research Team 2 min Read Mar 10, 2026

Dixon Technologies Ltd emerged as one of the top gainers in the Nifty 500 index during the session. On March 10, share price of Dixon Technologies Ltd surged around 11.26% after the company received approval from the Ministry of Electronics and Information Technology (MeitY) to establish a joint venture with HKC Overseas Ltd for the manufacturing of display modules. The stock has a 52-week high of ₹18,471 and a 52-week low of ₹9,630.

Details of the Joint Venture Structure

Dixon Technologies (India) Ltd had earlier signed a share subscription and shareholders’ agreement on August 16, 2025, with HKC Overseas Ltd, an affiliate of HKC Corporation Limited.

Under this arrangement, HKC Overseas will acquire a 26% stake, while Dixon Technologies will hold a 74% stake in Dixon Display Technologies Private Limited (DDTPL), which is currently a wholly owned subsidiary of the company.

The company has now received approval from the Ministry of Electronics and Information Technology (MeitY)

HKC Overseas Ltd Background

HKC Overseas Ltd is an affiliate of HKC Corporation Limited, a company engaged in the manufacturing of display panels and electronic components. HKC Corporation is involved in the production of products such as liquid crystal display (LCD) panels, display modules, and related electronic components used in televisions, monitors, and other consumer electronic devices.

Through its global operations, the company supplies display solutions to manufacturers across various electronics segments. The partnership with Dixon Technologies (India) Ltd is aimed at supporting the manufacturing of display modules for the Indian electronics market.

About Dixon Technologies Ltd

Dixon Technologies (India) Ltd is an electronic manufacturing services (EMS) company, incorporated in 1993, engaged in the manufacturing of a wide range of electronic products. The company operates across multiple product categories including consumer electronics, lighting products, home appliances, mobile phones, and closed-circuit television (CCTV) cameras.

In addition to manufacturing, the company also undertakes reverse logistics operations and produces products such as security surveillance equipment, wearable and audio devices, and AC printed circuit boards (AC-PCBs).

On March 10, the share price of Dixon Technologies Ltd surged around 11.26% after the company received approval from the Ministry of Electronics and Information Technology (MeitY) to establish a joint venture with HKC Overseas Ltd for the manufacturing of display modules. During the session, the stock touched an intraday high of Rs 11,078 and later closed at Rs 11,001. Dixon has a market capitalisation of around ₹63,477 crore.