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    HomeNewsBusinessAccumulate Dixon Technologies; target of Rs 3430: Dolat Capital

    Accumulate Dixon Technologies; target of Rs 3430: Dolat Capital

    Dolat Capital recommended accumulate rating on Dixon Technologies with a target price of Rs 3430 in its research report dated August 07, 2018.

    Broker Research
    September 18, 2018 / 13:43 IST

    Dolat Capital's research report on Dixon Technologies

    Q1, though disappointing on revenues, was in line at an operating and PAT level. While the electronics business faced cost pressures, it was negated by higher margins in lighting, which was almost entirely LED. Management has maintained a 25% revenue growth for FY19.

    Outlook

    We maintain our Accumulate rating for the stock, valuing it at 33x for FY20E at TP of `.3,430.

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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    Broker Research
    first published: Aug 10, 2018 03:33 pm

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