DIXON TECHNOLOGIES SELL AT CMP 14313 TARGET 14135, SL 14403 (INTRA-DAY TRADE).

DIXON TECHNOLOGIES SELL AT CMP 14313 TARGET 14135, SL 14403 (INTRA-DAY TRADE).

Dixon Technologies Promoter Sunil Vachani Offloads 2.77% Stake
Shares of Dixon Technologies (India) Ltd are trading lower in the early hours of Tuesday, June 24, following a large block deal executed on Monday. The heightened investor interest comes after the company's promoter, Mr. Sunil Vachani, sold a significant stake in the company through block deals on the exchanges. As per block deal data available from the exchanges, Sunil Vachani sold 16.7 lakh shares of Dixon Technologies on Monday, June 23. The shares were sold at an average price of Rs 13,301.47 per share, which translates to a total transaction value exceeding Rs 2,220 crore. This stake sale represents approximately 2.77% of the total outstanding equity of Dixon Technologies. Prior to this transaction, as of the end of the March 2025 quarter, Vachani held a 5.34% stake in the company. The sale reduces his holding to approximately 2.57%, assuming no other transactions took place during the interim.
Motilal Oswal Mutual Fund Emerges as Key Buyer of Dixon Tech's Stake Among the buyers, Motilal Oswal Mutual Fund was the most prominent, acquiring a significant portion of the shares offloaded by Vachani. Specifically, the fund purchased 14.46 lakh shares at an average price of Rs 13,307 per share. This suggests a strong institutional appetite for Dixon Technologies at current valuation levels.