Dixon Tech Shares Surge on Analyst Re-rating, Attractive Valuations
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CNBC TV18•30-01-2026, 10:00
Dixon Tech Shares Surge on Analyst Re-rating, Attractive Valuations
- •Dixon Technologies shares recovered early losses to trade 3% higher despite largely in-line Q3 results.
- •Revenue and margins met expectations, while PAT significantly exceeded forecasts due to a one-off item.
- •Mobile revenue grew 5% year-over-year, defying expectations of a decline, with overall margins expanding across segments.
- •Analysts from JPMorgan, Nomura, and CLSA maintain 'Overweight' or 'Buy' ratings, citing growth recovery, new customer ramp-ups, and attractive valuations.
- •Key catalysts include anticipated approvals for Vivo PN3 and ECMS, along with progress in backward-integration initiatives.
Why It Matters: Dixon Technologies shares surged as analysts highlighted re-rating triggers and attractive valuations despite revised guidance.
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