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Nifty July futures trade at a premium
HDFC Bank, Dixon Technologies (India) and Reliance Industries were top traded contracts.
Dixon Tech jumps as foreign brokerage raises target price to Rs 16,200
Dixon Technologies (India) surged 6.09% to Rs 13,215 after a foreign brokerage reiterated its 'Buy' rating on the stock and raised its target price to Rs 16,200.
Dixon Tech share price target raised; Investec now sees 30% upside
Investec sees further upside from a potential recovery in mobile exports, particularly if the proposed PLI 2 scheme is implemented, along with Dixon Technologies' planned entry into the speciality EMS segment through acquisitions.
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.
This move by Dixon Tech could create a large and high-margin opportunity, Investec says
Beyond smartphones, Investec said Dixon's IT hardware and telecom businesses remain on a strong growth trajectory. It expects ongoing backward integration initiatives to support margin expansion from FY28 onwards.
TVS Motor, Dixon Tech In, Reliance, M&M Out: Which Stocks Made It Into Macquarie's New India Portfolio?
The biggest changes came in the brokerage's tactical portfolio, where it introduced Axis Bank, Hyundai Motor India and Dixon Technologies, while removing Shriram Finance, Reliance Industries and Coal India.
Indian electronics manufacturers forge more and more partnerships with companies from South Korea, Taiwan, Japan
Indian electronics manufacturers are forging alliances with firms from South Korea, Taiwan and Japan, alongside exploring standalone initiatives. This proactive strategy, championed by industry leaders like Dixon Technologies and Amber Enterprises, is designed to align with government objectives for self-reliance in electronics production, targeting both local and global markets.
Dixon-Vivo JV nears final government approval, formal nod expected soon
The government is in the final stages of approving the Dixon-Vivo joint venture, marking a major boost for India's electronics manufacturing sector. Once operational, the JV is expected to significantly expand Dixon's smartphone production capacity and strengthen its premium manufacturing portfolio.
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.
Consumer companies ramp up festive production on demand hope
Leading electronics contract manufacturers such as Dixon Technologies and PG Electroplast highlighted a "high" double-digit increase in orders across categories including televisions, lighting products, washing machines, and refrigerators. PG Electroplast, which supplies to brands such as LG, Midea, Voltas, Whirlpool, and Daikin, said its festive order book has grown by 40% over last year. Dixon counts Samsung, Xiaomi, Haier, and Philips among its customers.
Dixon Technologies gains after brokerage upgrades stock, raises target price
Dixon Technologies rose 1.35% to Rs 12,249 after a domestic brokerage upgraded the stock to 'buy' from 'add' and raised its target price to Rs 14,200 from Rs 11,200.
Can Amber Challenge Dixon? Brokerages Raise Targets After Oppo Deal Lifts Outlook
Brokerages see the move as strategically significant because it diversifies Amber into one of the world's largest smartphone markets while requiring limited upfront capital expenditure.