21 Oct 2025 | 5 Mins Read
Nuvama cuts Dixon Tech target despite 41% mobile growth
Flipitmoney
Nuvama Institutional Equities trimmed Dixon Technologies' target price to Rs 16,600 from Rs 16,800, citing near-term uncertainties. The brokerage expects modest growth, a 1% decline from current levels, and potential margin pressure in the Mobile segment in FY27, but medium to long-term plans remain intact to reach a Rs 1tn revenue target in 3-4 years.