HSBC maintains ‘Buy’ on Dixon Technologies with a target price of Rs 20,000

HSBC has reaffirmed its ‘Buy’ rating on Dixon Technologies, setting a target price of ₹20,000. This implies a potential upside of approximately 32.3% from the current market price of ₹15,118.00.

The brokerage noted that Dixon Technologies posted a robust performance in Q3, driven by a sharp ramp-up in its mobile business. The company plans to undertake significant investments in a display fabrication unit, which is expected to deliver attractive profitability, strong return ratios, and a short payback period.

Advertisement

HSBC anticipates continued strong earnings growth for the company, with further upgrades likely as Dixon strengthens its position in high-growth segments.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.