Dixon Technologies (India) Ltd

(DIXON)

Dixon Technologies Announces Dividend and Growth Plans - 17 Sep, 2024

Dixon Technologies declared a Rs 5 dividend and aims for Rs 3,500 crore revenue in FY25. Motilal Oswal sets a target of Rs 15,500, while the stock has rallied 150% in a year. Partnerships with HP and Asus are expected to enhance IT hardware revenues.

Dixon Technologies Hits Record High Amid Positive Developments - 16 Sep, 2024

Dixon Technologies shares reached a record high following a significant MoU with ASUS for notebook manufacturing. Brokerages initiated coverage with optimistic price targets, and the company declared a dividend of Rs 5 per share, enhancing investor sentiment.

Dixon Tech Subsidiary Partners with Asus for Notebooks - 15 Sep, 2024

Dixon Technologies' subsidiary, Padget Electronics, has signed a Memorandum of Understanding with Asus India for the manufacturing of IT products, specifically notebooks.

Dixon Technologies Partners with ASUS for Notebooks - 13 Sep, 2024

Dixon Technologies' subsidiary, Padget Electronics, signed an MoU with ASUS for notebook manufacturing. The stock has surged 145% over the past year, peaking at Rs 13,633.

Nomura Initiates Buy Rating for Dixon Technologies - 12 Sep, 2024

Nomura has initiated coverage on Dixon Technologies (India) Ltd. with a Buy rating and a target price of Rs 15,567, citing strong growth potential in mobile manufacturing and localization benefits. The stock has surged 100% in 2024, reflecting positive market sentiment.

Dixon Technologies Gains CCI Approval, Target Prices Raised - 11 Sep, 2024

Dixon Technologies received CCI approval for acquiring a stake in Aditya Infotech, while brokerages raised target prices following its partnership with HP. Jefferies issued an underperform rating amid concerns over valuation after a significant share price increase.

Dixon Technologies Gains from Strategic Partnerships and Approvals - 10 Sep, 2024

Dixon Technologies' subsidiary Padget Electronics partners with HP India for PC manufacturing, while CCI approves its acquisition of a stake in Aditya Infotech. Morgan Stanley maintains an Equal-Weight rating with a target price of Rs 8,696.

Dixon Technologies Expands Manufacturing with HP Partnership - 09 Sep, 2024

Dixon Technologies' subsidiary, Padget Electronics, is establishing a new facility in Oragadam, creating 1,500 jobs and signing an MOU with HP India for manufacturing PCs. The investment is around Rs 250 crore under the IT Hardware PLI 2.0 Scheme.

Dixon Technologies Projects Strong Revenue Growth Ahead - 07 Sep, 2024

Dixon Technologies' shares increased by 0.5% as the company expects to generate Rs. 3,500 crores in IT hardware revenue by FY26, supported by government initiatives. The mobile segment remains a key revenue driver, while margins for laptops are projected to be similar to mobile. The company is also investing in a new campus in Chennai.

Dixon Technologies Shows High PE and Strong Returns - 04 Sep, 2024

Dixon Technologies (India) Ltd is currently trading at a high price-earnings multiple of 182x, reflecting its strong performance with a 151% return over the past year.

Dixon Technologies Faces Share Price Decline Amid Growth Concerns - 02 Sep, 2024

Dixon Technologies experienced a significant share price decline of over 5% due to sluggish growth projections for FY25 and major stake sales by UBS. Analysts have set varying price targets, reflecting mixed sentiments about the company's future performance.

Dixon Technologies Reports Strong Q1 Growth - 31 Aug, 2024

Dixon Technologies' shares rose 3.2% to Rs. 13,620, with Q1FY25 revenue up 101% YoY to Rs. 6,580 crores and net profit increasing 109% to Rs. 140 crores. Despite strong performance, the stock appears overvalued with a high P/E ratio of 186.

Dixon Tech Shows Strong Momentum with Buy Recommendation - 29 Aug, 2024

Dixon Technologies has broken out above Rs 12,879, indicating strong momentum. A pullback towards support presents a buying opportunity, with a target of Rs 14,000 and a stop loss at Rs 12,750.

Dixon Technologies Target Price and Growth Outlook - 26 Aug, 2024

Dixon Technologies is recommended as a buy with a target price of Rs 15,000, reflecting a 13% upside. The company is poised for significant growth, benefiting from production-linked incentive schemes, with projected revenue and PAT CAGR of 44% and 51% from FY24-27.

Dixon Technologies Expects Strong Revenue from iSmartU Acquisition - 20 Aug, 2024

Dixon Technologies' CFO anticipates that the recent acquisition of iSmartU will generate Rs 7,000 to Rs 8,000 crore in annual revenues. The acquisition, completed on August 13, will contribute proportionately for seven to eight months this fiscal year, with a projected transaction value of Rs 540-550 crore over the next three to four years.