Dixon Surges on Strong Q1 Results

  Published 8 months ago

Dixon Tech shares rise 2.1% after Q1 profit jumps 68% and revenue doubles, driven by mobile manufacturing growth.

  • Mobile and electronics segment grew ~125%, contributing 79% to total revenue; overall revenue up 95% YoY.
  • Stock leads mid-cap index despite NIFMDCP100 dipping 0.2%; rated “buy” with ₹17,800 median price target.
  • Still down ~9% YTD, underperforming the mid-cap index’s 3% gain, despite recent earnings-driven rally.

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