Brokerage Call | Nomura keeps ‘buy’ rating on Dixon Technologies, target price at Rs 21,154
#1 Execution on track across mobiles & components
#2 Q1 ahead of estimates, mobile ramp-up to continue
#3 Margin tailwinds expected from scale-up of multiple JVs
#4 EBITDA margin expected to improve from 3.9 percent in FY26 to 4.4-4.7 percent in FY27-28
Dixon Technologies was quoting at Rs 16,577.50, up Rs 465.30, or 2.89 percent.
It has touched an intraday high of Rs 16,671.15 and an intraday low of Rs 16,221.90.
It was trading with volumes of 66,707 shares, compared to its five day average of 24,535 shares, an increase of 171.88 percent.
In the previous trading session, the share closed down 1.03 percent or Rs 167.50 at Rs 16,112.20.
The share touched a 52-week high of Rs 19,149.80 and a 52-week low of Rs 10,725.00 on 17 December, 2024 and 24 July, 2024, respectively.
Currently, the stock is trading 13.43 percent below its 52-week high and 54.57 percent above its 52-week low.
Market capitalisation stands at Rs 100,297.05 crore.