Dixon Technologies Rallies On Tie-Up With boAT For Making Wireless Speakers

Shares of electronic goods maker – Dixon Technologies – rose as much as 5.2 per cent to hit another record high of ₹ 15,214.20 on the BSE after the company, post market hours on Wednesday, said that it signed an agreement with Imagine Marketing, the maker of popular boAt wearable gadgets for manufacturing of twin wireless speakers. On the National Stock Exchange, Dixon Technologies shares rose as much as 5.35 per cent to hit a record high of 15,218.95.

“Dixon Technologies (India) Limited and boAt have entered into agreement for manufacturing of twin wireless speakers. Dixon shall be manufacturing the said products from its manufacturing facility located at Noida, Uttar Pradesh,” the Noida-based company said in a press release.

“boAt is the leader in the earwear segment. Their high quality audio devices are known for their style and efficiency. We are delighted and encouraged by the trust they have bestowed on Dixon for this collaboration. Dixon Group is committed to have pivotal impact in making India an ‘Atmanirbhar Bharat’ backed by our commitment and performance,” Atul B. Lall, Vice Chairman & Managing Director, Dixon Technologies, said in a statement.

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