HSBC has reiterated its “Buy” call on Dixon Technologies, raising the target price to ₹14,000 per share. The positive outlook is driven by Dixon’s positioning in India’s IT hardware manufacturing market, which the company is expected to capture a significant portion of.
Dixon, a key player in electronics manufacturing, is well-positioned to benefit from large-scale opportunities in mobile and IT hardware production. HSBC highlighted that Dixon’s growing scale in these segments could open up backward integration opportunities, enhancing the company’s operational efficiency and profitability.
Additionally, HSBC noted the importance of Dixon’s relationship with HP, one of the leading players in India’s personal computers (PC) market, further strengthening the company’s market presence in the IT hardware space.
Given these factors, HSBC sees strong growth potential for Dixon Technologies in the coming years.
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