This stock is up 2,700% since its IPO. Here's why it's ripe for a split
1 month, 3 weeks ago

This stock is up 2,700% since its IPO. Here's why it's ripe for a split

Live Mint  

Companies use various corporate actions, such as dividends, bonus shares, stock splits, and buybacks, to reward shareholders, distribute reserves, and improve market liquidity. Stock splits often signal a company’s confidence in future growth, typically occurring after a substantial increase in share price. This article will explore a high-growth company, Dixon Technologies Ltd, which has delivered an astounding 2,700% return since its initial public offering in 2017 and could be an ideal candidate for a stock split. About Dixon Technologies Incorporated in 1993, Dixon Technologies Ltd is a leading electronic manufacturing services company operating across various product verticals, including consumer electronics, lighting, home appliances, CCTV cameras, mobile phones, security surveillance equipment, wearables and audibles, AC-PCBs. Dixon’s strong operational performance can be attributed to growth in the Indian electronic manufacturing system ecosystem and government initiatives like the production-linked incentive schemes.

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