dixon technologies share price hits all-time high post q2 earnings revenue gross margin ebitda pat share price bse nse target

Global brokerage Nomura has reiterated its 'buy' stance connected Dixon Technologies aft the user discretionary steadfast posted better-than-estimated Q2 earnings. The brokerage has besides raised the people connected the banal to Rs 18,654 from the earlier Rs 15567, signifying astir 24 per cent imaginable upside from the erstwhile close.

After clinching an all-time precocious of Rs 15,999.95 astatine the open, the banal astatine astir 9:22 americium traded anemic by implicit 3 per cent astatine Rs 14,602.55 per share, portion astatine day's debased it deed levels of Rs 14561.15 apiece connected the BSE.

The brokerage underlined that the company's 2Q was led by mobiles; portion its IT hardware & components conception offers a major semipermanent opportunity. The brokerage has raised gross estimates by 10 per cent/ 8 per cent/ 5 per cent and EPS by 3-5 per cent for FY25-27F.

Focus connected constituent manufacturing volition beryllium a cardinal borderline tailwind, with afloat interaction to beryllium disposable from FY27F, added the brokerage.