Dixon Technologies India Ltd.'s diversification and expansion into non-mobile manufacturing segments have inspired confidence on the Street for future growth levers. The second-quarter results have also met expectations.
Dixon Tech Price Target
JPMorgan: Remain 'Overweight' with price target hiked to Rs 19,600 from Rs 19,500.
Macquarie: Remain 'Outperform' with price target of Rs 20,000.
Goldman Sachs: Maintain 'Sell' but hiked price target to Rs 11,420 from Rs 11,260.
Nomura: Maintain 'Buy' but price target reduced to Rs 21,152 from Rs 21,154.
UBS: Maintain 'Buy' with price target of Rs 23,000.
CLSA: Cut rating from 'High Conviction Outperform' to 'Outperform' with a reduced price target to Rs 18,800 from Rs 19,365.
Shares of Dixon Tech settled 0.8% lower at Rs 16,686.25 on the BSE on Friday, ahead of the results, compared to a 0.6% advance in the benchmark Sensex. The stock has fallen over 7% so far this year.
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