20 Oct 2025 | 5 Mins Read
CLSA downgrades Dixon Technologies, slashes price target post Q2 results
Flipitmoney
Dixon Technologies received a rating downgrade to 'Outperform' with a ₹18,800 price target from CLSA. This implies around 13% upside. CLSA cited first-quarter revenue growth, smartphone volumes expected to grow over 40%, and margin benefits. Nomura maintained a 'Buy' rating with a ₹21,152 target, while Nuvama Institutional Equities holds a 'Hold' rating with a ₹16,600 target.