Dixon Technologies Chairman Sells 2.77% Stake Worth ₹2,221 Crore

Dixon Technologies India Ltd., founder and chairman Sunil Vachani has sold 16.7 lakh shares, marking a 2.77% stake at Rs 13,301.47 apiece. This bulk deal amounts to shares worth Rs 2,221 crore.

Sunil Vachani had previously held 5.34% stake as of March 2025, according to BSE Shareholding data. As the founder offloads nearly half of his holding, Motilal Oswal Mutual Fund has purchased 14.45 lakh shares, representing a 2.4% stake at Rs 13,307.96 per share.

Analysts' Positive Outlook

The analysts' take on the counter remains positive. Out of 33 analysts tracking the company, 19 have a 'buy' rating on the stock. Five analysts recommend 'hold' and nine suggest 'sell', according to Bloomberg data. The average 12-month analysts' price target of Rs 16,639 implies a potential upside of 14.2%. Major brokerage names like Goldman Sachs, Motilal Oswal Securities, JM Financial, and Nomura are among those tracking the tech company.

Institutional Holdings

About 37 mutual funds hold shares of Dixon Technologies, marking approximately a 17.20% stake. Nippon Life India via Nippon India ETF holds the highest stake among mutual funds with a 2.30% shareholding. The second largest holding is from Motilal Oswal, under the Nifty Midcap 100 ETF, with a 2.24% stake. Axis Mutual Fund and UTI Mutual Fund also hold over 1% shares.

Insurance Company Holdings

Insurance companies such as Life Insurance Corporation of India and HDFC Life Insurance Company Ltd. are significant stakeholders. Resident retail investors holding share capital of up to Rs 2 lakhs account for a 10.10% shareholding. In the Foreign Portfolio Investors Category I, there are 730 shareholders, while the Foreign Portfolio Investors Category II are 47, contributing to a 21.81% foreign shareholding in the company.

Market Performance

Shares of Dixon Technologies closed 3.73% higher at Rs 14,571 apiece on the NSE. The stock has declined 18.76% on a year-to-date basis but has risen 26.28% in the last 12 months.

The market's reaction to the stake sale and the positive analyst outlook indicate a mixed but hopeful sentiment towards Dixon Technologies' future performance.