HSBC has reiterated its ‘Buy’ rating on Dixon Technologies, increasing the target price to ₹19,900, indicating a 17.4% upside from the current market price of ₹16,944.45.
The brokerage highlighted that 2024 was a robust year for Dixon, marked by significant new client additions in its mobile and IT hardware businesses. It anticipates 2025 to witness further scaling up of these segments, supported by the expansion of new products and components. HSBC also expects consensus EPS upgrades for FY26-27 as the company continues its growth trajectory.
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