India, March 17 -- The mid-cap electronics manufacturing services giant- Dixon Technologies, saw its stock plunge after indicating that it may miss its FY26 smartphone shipment guidance due to weakening demand in the budget smartphone segment and rising memory prices.

With a market cap of more than Rs 62,500 Cr, Dixon Technologies (India) Ltd's stock closed at Rs 10,281 which is less than 1 percent higher than the previous close of Rs 10,258, while the stock has given a compounded return of 53 percent in the last three years.

What's the reason Dixon Technologies indicated that its FY26 smartphone shipment guidance is likely to be missed due to weakening demand in the budget smartphone segment. The slowdown is largely attributed to the s...