Dixon Tech Stock Surges on Buy Rating, Growth Outlook

  Published 1 year ago

Dixon Technologies stock rose 3%, boosted by a 'buy' rating and 23% price target from Batlivala & Karani, citing growth from India's manufacturing push and export expansion.

  • Brokerage forecasts 42% revenue and 69% profit CAGR for FY25-27, driven by mobile/IT hardware scale, up, and exports.
  • The current 12%-14% EMS market share leaves room for expansion amid India's Make in India and global diversification strategies.
  • Analysts' average 'buy' rating with a median price target of ₹17,552, despite a 14.2% YTD decline, signals strong long-term potential.

You might like these

Investors Dominate U.S. Home Sales Amid High Rates

Aurionpro Expands in Europe with AI Lending Solutions

Ola Electric Shares Dip on Pledge & Sales Concerns

India Markets Dip on Trade & Geopolitical Tensions

Puravankara Expands in East Bengaluru

Markets Flat; L&T Lifts, Tata Motors Drags

Oil Prices Fall on OPEC+ Supply Increase Talk

News that matters the most ⚡