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Dixon Tech shares jump 4% on govt nod to form JV with Vivo. What are experts saying?
Dixon Technologies' shares rose significantly after Vivo Mobile India secured government approval for a joint venture. This partnership will focus on manufacturing smartphones for Vivo within India. Experts foresee substantial production increases and strengthened market leadership for Dixon. The joint venture is expected to commence operations by September 2026. Dixon's strong financial metrics and policy support underpin its positive outlook.
Dixon Technologies share price jumps 3% after govt clears Vivo India JV; should you buy the stock? - livemint.com
Dixon Technologies share price jumps 3% after govt clears Vivo India JV; should you buy the stock?livemint.com
Dixon Tech Shares Rally Nearly 3% After Long-Awaited Vivo JV Approval — Should You Buy?
The joint venture will engage in original equiment manufacturing (OEM) for smartphones. Dixon Tech holds 51% stake in the JV with Vivo, as per the filing.
Dixon Tech Shares In Focus After Long-Awaited Vivo JV Approval; Motilal Oswal Remains Bullish — Check Revised Target Price
Dixon has received the long-pending PN3 approval for its 51:49 JV with Vivo and Motilal Oswal expects this JV to enhance the company's manufacturing capabilities and strengthen its market share and positioning in the Android smartphone market in India.
Dixon Tech Remains Top Pick For JP Morgan After Vivo JV Approval; 39% Upside Seen — Check Target Price
JPMorgan raised its Dixon Technologies target price to Rs 16,700 after the Vivo JV approval, implying 39% upside and triggering sharp revenue and earnings upgrades.
Dixon Tech 'bulls' raise share price target past ₹16,000 after Vivo JV approval; check key levels
Analysts believe the JV with Vivo will strengthen Dixon's manufacturing capabilities and enhance its market position in India's Android smartphone segment. The approval also removes a long-standing overhang on the stock, as the JV is expected to start contributing incremental volumes from Q3FY27.
Dixon-Vivo JV gets govt approval for smartphone manufacturing under Press Note 3
Shares of Dixon Technologies (India) Ltd ended at ₹13,490.00, up by ₹562.20, or 4.35%, on the BSE.
Govt Clears Dixon Tech's JV With Vivo For Smartphone Manufacturing
Dixon Tech holds 51% stake in the JV.
LG Electronics remains top pick; Amber's Oppo JV to drive growth from FY28: PL Capital
Praveen Sahay, Lead Research Analyst Consumer Durables, Building Materials & EMS, PL Capital Group, expects LG India to sustain revenue and EBITDA expansion over the coming quarters, while Amber Enterprises could see higher contributions from electronics manufacturing and mobile production beginning FY28. Dixon Technologies may benefit from a potential Vivo joint venture, although margin pressure is likely to persist due to raw material costs and lower PLI benefits.
IIFL bullish on Thermax, CG Power and ABB; sees Dixon's Vivo JV largely priced in
Renu Baid Pugalia, Senior VP-Research at IIFL Institutional Equities, shares her outlook on Thermax, CG Power, ABB and Dixon Technologies, highlighting margin recovery, export opportunities and key growth drivers in the capital goods sector.
Dixon Tech Shares Jump After Vivo JV Nears Final Approval
Speaking to NDTV Profit in May, Saurabh Gupta, Executive Director and Group CFO of Dixon Technologies, acknowledged that the approval process had taken longer than anticipated but said there were no structural hurdles delaying the transaction.
Motilal Oswal prefers Amber and Dixon, stays cautious on Bata
Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, remains cautious on Bata despite the appointment of a new CEO, citing market share losses and valuation concerns. He is positive on Amber Enterprises due to its Oppo manufacturing partnership and expects mobile operations to contribute meaningfully from FY28-FY29. He also sees upside in Dixon Technologies driven by the proposed Vivo joint venture. For Reliance Industries, easing inflation, strength in oil-to-chemicals and updates from the AGM remain key factors for investors. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.