Shares of Dixon Technologies (India) Ltd experienced a sharp decline, plummeting 7% to a current price of ₹16,925, reflecting a total fall of 8.45% over the past five days. Analysts have advised caution regarding short selling amid this downturn. The broader market context includes upcoming quarterly earnings announcements from several companies, with Reliance Industries set to release its Q3 results on January 16, 2025, and Wipro Limited expected to announce its results for the third quarter ended December 31, 2024, on January 17, 2025. Additionally, Indian Renewable Energy Development Agency Ltd (IREDA) reported a 26.8% year-on-year increase in net profit for the December quarter, amounting to ₹425.4 crore, although its share price fell 3% following a deterioration in asset quality.