Dixon Technologies' promoter sells 16,70,000 shares

Dixon Technologies, a historically high-performing stock, experienced a notable development on June 23. Sunil Vachani, its promoter, executed bulk and block deal, selling 16,70,000 shares, representing 2.77% of the company's stake, at an average price of ₹13,301.47 per share. This transaction reduced his shareholding from 5.34% to 2.57%. The shares have PE of 114x and an ROCE of 39.8%.

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