Dixon Technologies’ stock faces pressure from rising memory chip costs and upcoming regulatory changes. The company, a major Android handset maker, sees its stock decline. Analysts point to government approvals, memory price surges impacting demand, and the end of the PLI scheme as key concerns. Dixon is investing in component manufacturing and expanding capacity to navigate these challenges.
Banks seek RBI clarity on forex hedge curbs, warn rules may hit genuine trade flows amid delays
Banks are urging the Reserve Bank of India for clarity on forward contract rules. Recent RBI directives aimed at curbing speculation could impact genuine trade