Dixon Tech Shares Plummet to 18-Month Low, Market Cap Dips Below ₹70,000 Crore

• Dixon Technologies shares fell by up to 5% on Tuesday, reaching an 18-month low.
• The company's market capitalization has dropped below ₹70,000 crore due to the significant decline.
• Shares have fallen over 40% from their 52-week high of ₹18,471 and declined in 6 out of 9 trading sessions this year.
• HSBC anticipates a weak third-quarter performance for Dixon due to the absence of major events or orders.
• Challenges include expensive memory chips, delays in joint venture approvals, and expiry of government schemes.

Why It Matters: Dixon Technologies faces significant stock decline and market cap reduction amid weak Q3 outlook and operational challenges.