Dixon Tech Stock Dips on Motorola Outourcing Concerns

  Published 1 year ago

Dixon Technologies drops 2.6% as PhillipCapital downgrades to 'sell', citing Motorola's 2025 outsourcing to Karbonn and export risks.

  • PhillipCapital cuts price target to 9,085 rupees from 11,077, maintaining 'sell' rating amid client risks.
  • Motorola's reliance on Indian manufacturers raises concerns over China, linked to export risks for Dixon.
  • Revenue and profit estimates slashed 4% and 9%; stock down 21% year to date.

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