Anand Rathi has given Buy recommendation for Dixon Technologies with a target price of Rs. 5936 in its research report issued on Nov 24, 2021

Anand Rathi’s research report on Dixon Technologies

After becoming strong in Indian contract manufacturing, Dixon now has global aspirations. It is targeting the global LED-bulb market. Its new product categories like refrigerators and telecoms equipment are well placed to support growth in FY23/FY24.

Outlook

We upgrade the stock to a Buy with a TP of Rs.5,936, based on FY24 earnings.

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