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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 Technologies shares in focus as Vivo India JV gets government approval, agreements signed - Upstox
Dixon Technologies shares in focus as Vivo India JV gets government approval, agreements signedUpstox
18 months on, Dixon gets govt nod for JV with China's Vivo
The venture, in which Dixon will hold 51%, will also see Dixon operate as an original equipment manufacturer, which means that the latter may, in the long run, create its own smartphone brand—or assemble smartphones for other clients in its factories in India.
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.
Vivo receives govt's nod to form JV with Dixon Technologies to manufacture smartphones
Vivo India and Dixon Technologies have formed a joint venture for smartphone manufacturing. Dixon Technologies will hold a 51% stake in the new entity. This partnership received government approval under Press Note 3 of 2020. Operations are expected to begin in the December quarter of this fiscal year. The joint venture aims to produce millions of smartphone units annually.
India's First Hydrogen Train To Begin Operations Next Week: Route, Speed, Technology | Check Key Details
Built under the Make in India initiative, the hydrogen-powered train is part of Indian Railways' push for cleaner transport.
Market ends higher: 3 factors that helped Sensex, Nifty snap two-day losing streak
Bharti Airtel, HDFC Bank and Sun Pharma were the biggest contributors to the Nifty's gains. The Nifty Bank index climbed 510 points to 57,252, while the Midcap index outperformed, rising 844 points to 62,167.
Indus Towers shares gain 3% after Nomura reiterates 'Buy'; sees 30% upside
Nomura has maintained a 'Buy' rating on Indus Towers. The brokerage has kept its target price unchanged at ₹505, implying an upside of 30 per cent from its previous close of ₹388.55.
HFCL Defence Revenue To Start From Q1 FY28 As Major Orders Enter Execution Phase
HFCL expects defence revenue from Q1 FY28 as it bids for Army contracts and develops radars, anti-drone systems, jammers and ammunition.
From TCS, Happiest Minds To Bharti Airtel, IndiaMart: What to Expect From Q1 Results Across IT and Telecom Sectors
Mid-cap IT companies are expected to continue outperforming due to their agility, niche positioning, superior execution capabilities, and operational efficiencies.