Dixon Technologies shares jumped more than 6% this week after HSBC maintained a ‘Buy’ rating. HSBC reiterates its “Buy” call on Dixon Technologies, increasing the target price to ₹14,000 per share. The positive outlook is driven by Dixon’s positioning in India’s IT hardware manufacturing sector.
Dixon is ideally positioned to capitalize on large-scale prospects in mobile and IT hardware production. HSBC pointed out that Dixon’s growing scale in these segments might lead to backward integration opportunities, improving the company’s operational efficiency and profitability.
Furthermore, HSBC emphasized Dixon’s partnership with HP, one of the leading players in India’s personal computers (PC) market, which strengthens the company’s market position in the IT hardware sector.
Stock Performance on Friday
– Open: ₹12,923.85
– High: ₹13,120.00
– Low: ₹12,790.00
