Dixon Technologies Shares Slip After Sunil Vachani Sells 2.77% Stake in Block Deal; Motilal Oswal MF Key Buyer

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. After rising 3.5% on Monday in response to strong institutional buying, the stock opened higher on Tuesday but soon slipped into negative territory.

Dixon Technologies Promoter Sunil Vachani Offloads 2.77% Stake

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.

Dixon Technologies Share Price Today

Following the disclosure of the block deal and the promoter stake sale, shares of Dixon Technologies saw renewed buying interest on Monday. As of 9:50 AM on June 24, shares of Dixon Technologies (India) Ltd were trading at Rs 14,466.00, down by Rs 105.00 or 0.72% from the previous closing price.

The stock opened the session at Rs 14,701.00, indicating a slightly optimistic start. However, it has shown some volatility since then, touching an intraday high of Rs 14,774.00 and a low of Rs 14,444.00, reflecting moderate fluctuations in early trade.

The company's current market capitalisation stands at approximately Rs 87,470 crore, highlighting its status as one of India's leading mid-to-large-cap electronics manufacturing services (EMS) firms. Dixon Technologies currently trades at a price-to-earnings (P/E) ratio of 71.39. Over the past 52 weeks, the stock has seen considerable movement, with a 52-week high of Rs 19,148.90 and a 52-week low of Rs 10,620.00.

Despite Monday's rally, the stock remains under pressure on a broader timeframe. Over the last one month, Dixon shares are still down by around 3%, and have declined by over 20% so far in calendar year 2025.

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.

Motilal Oswal's interest in the stock is not new. As of March 2025, its Nifty Midcap 100 ETF already held a 2.24% stake in the company. The recent acquisition signals a possible strategic increase in exposure to the electronics manufacturing services (EMS) sector, where Dixon is a key player.

Dixon Technologies continues to enjoy robust participation from domestic institutional investors. At the end of the March quarter, Indian mutual funds collectively held a 17.2% stake in the company. Insurance companies, led by major players like LIC and HDFC Life, accounted for another 5.16% stake.

The retail segment is also well-represented. Approximately 3.6 lakh small retail shareholders, defined as those holding shares with an authorised capital of up to Rs 2 lakh, owned a combined 10.1% stake in Dixon Technologies.