This stock created a gather in the stock market, a length of Rs 620 in a single day

Dixon Technologies Share: The Indian stock market started rapidly on 27 June today. Both Sensex and Nifty are open with an edge. Out of 30 companies of Sensx, 27 companies opened shares on the green mark.

Shares of 46 out of Nifty 50 also opened up on green mark. Amidst this beauty that returned to the stock market, Dixon Technologies Limited is trading at Rs 14,950 with a gain of over 4 percent, which is Rs 620 more than the previous closed price of Rs 14321.20.

Brokerage gave a target of 21409

The rating of brokerage firm Nomura is a rating behind this boom in Dixon’s shares. Nomura not only retained its rating of ‘buy’ on Dixon’s stock, but also increased its target price to 21,409.

Brokerage says that India’s mobile electronics manufacturing service (EMS) industry may increase the participation of some large companies like Dixon, DBG Technology (China), Bhagwati (Unlisted), BYD (Hong Kong), UTL Neolink (Unlisted) and Tata Electronics (Unlisted). Among them, Dixon is expected to have the largest market share.

What does the company do?

Nomura also said that the partnership with Dixon’s lalonger for original design manufacturing (ODM) makes it more reliable to customers. The number of new customers has increased rapidly compared to other companies in Dixon.

The list of Customers of Discon Technology includes large companies like Samsung, Xiaomi, Google, Nokia (HMD Global), Oppo, Panasonic, Boat, Philips and LG. Together with Dixon, these companies make all electronic devices such as television, smartphone, set top box, etc. Since the number of customers of Dixon is large, the risk of more damage to the company is less in case of low demand from one of these.

Focus on products export too

Between March-May 2025, Dixon exported 4 times more products with Transian (Infinix, Tecno, ITEL) and Motorola. Let us know that in collaboration with Transian, Dixon makes smartphones for many companies like Motorola, Google Pixel and also aims to export more and more units.

Nomura says that Motorola, which sells about 10 million units in the US, is mainly sourced from China. Due to Trump’s tariff policy, its manufacturing base may shift to India, which will benefit India’s local mobile electronics manufacturing service (EMS) industry.

The results of the company’s march quarter were also excellent. In the March quarter of FY25, Dixon Tech’s net profit rose four times to Rs 464.95 crore. The company’s operational revenue stood at Rs 10,292.54.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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