The Indian stock market is buzzing with major developments from three powerhouse companies that have captured investor attention. RELIANCE INDUSTRIES share latest news along with significant updates from Dixon Technologies and Tata Elxsi are creating waves across trading platforms. From bonus share announcements to supply chain improvements and semiconductor investments, these companies are positioned to benefit from evolving market dynamics and strategic partnerships.
Reliance Industries: First Dividend After Historic 1:1 Bonus Issue
Reliance Industries has made headlines with its first dividend announcement following the company’s 1:1 bonus share issue in October 2024. The company declared a final dividend of ₹5.50 per equity share for the financial year 2024-25, which received overwhelming shareholder approval with 99.9994% votes in favor during the Annual General Meeting held on August 29, 2025.
Morgan Stanley’s Bold Predictions for Reliance
Global brokerage firm Morgan Stanley has painted an exceptionally bullish picture for Reliance Industries, projecting that the company could unlock up to $60 billion in value through its new energy business integration. The investment bank estimates that Reliance’s anti-involution strategies and artificial intelligence initiatives could add approximately $20 billion to the company’s net asset value and contribute 17% to its FY28 earnings per share.
The company is transforming its Jamnagar energy complex into a 1 gigawatt AI data center hub, powered by renewable energy and equipped with Nvidia’s cutting-edge Blackwell chips. This strategic pivot represents what Reliance calls “more ambitious, far more transformational, and far more global in scope than anything it has ever done before”.
Dixon Technologies: Riding the China-India Relations Wave
Dixon Technologies emerged as a major beneficiary of improving India-China relations, with the stock witnessing significant momentum as investors recognized the potential for enhanced supply chain efficiency. The company’s shares surged up to 7% following Prime Minister Modi’s diplomatic engagement with China, signaling a potential thaw in previously strained bilateral relations.
Joint Ventures Drive Growth Strategy
The government has approved Dixon Technologies’ joint venture with Chinese original design manufacturer Longcheer Intelligence, marking a strategic shift in India’s approach to electronics manufacturing. Under this partnership, Dixon will retain 74% ownership while Longcheer holds 26%, focusing on manufacturing smartphones, tablets, smartwatches, AI-powered PCs, automotive electronics, and healthcare devices.
This development is particularly significant as over 60% of global electronics manufacturing occurs in China, making collaboration essential for scaling India’s electronics production capabilities. The easing tensions could reduce supply chain disruptions that have historically impacted electronics manufacturing services (EMS) companies like Dixon Technologies.
Margin Expansion Opportunities
The improved relations between India and China could lead to reduced anti-dumping duties on Chinese raw materials, potentially boosting profit margins for companies like Dixon Technologies. Currently operating on single-digit profit margins, the company could see expansion to double-digit margins if trade barriers continue to ease.
Tata Elxsi: Semiconductor Investment Catalyst
Tata Elxsi gained investor attention following news of substantial semiconductor investments in India, with Tata Electronics contributing $14.3 billion out of a total $18 billion investment pipeline in the country’s semiconductor industry. This massive commitment positions Tata Group companies, including Tata Elxsi, to benefit from the expanding semiconductor ecosystem.
Recovery from Growth Slowdown
The company has experienced a challenging period, with profit growth CAGR declining to just 13% over the past three years, compared to 25% in the previous five and ten-year periods. However, the new semiconductor investments and partnerships, including collaborations with Synopsys for software-defined vehicle development and the establishment of the SUZUKI-TATA ELXSI Cloud HIL Center, suggest potential for business recovery.
Strategic Partnerships and Innovation
Tata Elxsi has been actively expanding its technological capabilities through strategic partnerships. The company recently collaborated with Evergent to launch a unified digital storefront for media and telecom operators and established partnerships with KAVIA AI for GenAI-powered automation. These initiatives demonstrate the company’s commitment to staying at the forefront of technological innovation.
Electronics Manufacturing Services: The China Plus One Strategy
The broader electronics manufacturing services sector is experiencing a paradigm shift as India positions itself as an alternative to China-centric supply chains. The government’s Production Linked Incentive (PLI) schemes, worth ₹22,919 crore for electronic components manufacturing, are designed to attract both domestic and international investments.
Supply Chain Diversification
Global manufacturing companies are increasingly looking to diversify their supply chains away from single-region exposure, particularly following disruptions caused by the US-China trade war and the COVID-19 pandemic. India’s strategic location, skilled workforce, and government incentives make it an attractive destination for electronics manufacturers seeking to implement a “China Plus One” strategy.
The PLI scheme specifically targets critical components such as printed circuit boards (PCBs), surface-mount device (SMD) passives, lithium-ion cells, and various electronic components where India has traditionally been import-dependent. This initiative complements existing programs and aims to create a comprehensive electronics manufacturing ecosystem.
Investment Outlook and Market Dynamics
The convergence of improving India-China relations, substantial government incentives, and strategic corporate investments creates a favorable environment for electronics manufacturing companies. RELIANCE INDUSTRIES share latest news continues to highlight the company’s diversification into new energy and AI infrastructure, while Dixon Technologies and Tata Elxsi are positioned to benefit from sector-wide growth trends.
Risk Considerations
Despite positive developments, investors should consider potential risks including geopolitical tensions between India and China, global supply chain volatilities, and competitive pressures in the electronics manufacturing sector. The success of joint ventures and government policies will ultimately determine the long-term performance of these companies.
Technology Integration and Future Growth
The integration of artificial intelligence, semiconductor capabilities, and renewable energy technologies represents a significant opportunity for Indian companies to move up the value chain. Reliance’s ambitious AI infrastructure plans, combined with Dixon’s manufacturing scale-up and Tata Elxsi’s design capabilities, position these companies to capitalize on India’s digital transformation.
The electronics manufacturing sector’s evolution from simple assembly operations to comprehensive component manufacturing and design integration represents a maturation of India’s industrial capabilities. With government support through PLI schemes and improving international relations facilitating technology transfer, companies in this space are well-positioned for sustained growth.
Frequently Asked Questions
Q1: What is the significance of Reliance Industries’ dividend announcement after the bonus issue?
Reliance Industries declared its first dividend of ₹5.50 per share following the 1:1 bonus issue in October 2024, with a record date of August 14, 2025. This dividend represents the company’s continued commitment to shareholder returns despite the adjusted capital base post-bonus issue.
Q2: How will improved India-China relations benefit Dixon Technologies and other EMS companies?
Better relations could reduce supply chain disruptions, lower anti-dumping duties on raw materials from China, and facilitate joint ventures for technology transfer. This could help EMS companies improve their profit margins and scale manufacturing operations more efficiently.
Q3: What makes Tata Elxsi attractive in the current semiconductor investment cycle?
Tata Elxsi benefits from Tata Group’s $14.3 billion semiconductor investment commitment and its expertise in design and technology services across automotive, communication, and healthcare sectors. The company’s strategic partnerships and focus on emerging technologies position it well for the semiconductor growth cycle.