India's Dixon Tech up despite profit drop; brokerages bullish on long-term growth

Dixon Technologies (India)

13/05/2026 05:57

** Shares of Dixon Technologies DIXO.NS up 5.1% to 10,657 rupees, it's highest intraday pct rise since April 8

** Co's quarterly profit drops falls 36.1% to 2.65 billion rupees

** UBS ("Buy"; PT: 13,700 rupees) notes management remains constructive on medium-term growth, despite near-term headwinds; co expects 15%-17% revenue growth

** Brokerage says co's pivot toward advanced telecom, IT hardware and industrial EMS highlights its ability to capture emerging opportunities that would help navigate growth amid headwinds for smartphones from memory chip inflation

** Nomura ("Buy"; PT: 13, 813 rupees) believes co has potential to deliver 20%+ EPS growth beyond FY28F, but maintains Vivo JV approval as a key risk if it does not come through

** Stock rated as "Buy" on average by 30 analysts; median PT at 12,092 rupees as per data compiled by LSEG

** YTD, stock down 12.4%

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))