Buy Dixon Technologies; target of Rs 5050: ICICI Direct

ICICI Direct is bullish on Dixon Technologies has recommended buy rating on the stock with a target price of Rs 5050 in its research report dated July 28, 2021.

Broker Research

August 04, 2021 / 17:19 IST

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ICICI Direct's research report on Dixon Technologies

Dixon Technologies is India’s leading electronic manufacturing (EMS) provider and one of the largest beneficiaries of the government’s PLI scheme. Dixon operates in both original equipment manufacturing (OEM) and original design manufacturing (ODM) Strong RoE, RoCE at ~20%, ~24%, respectively (three year’s average)

Outlook

We maintain our BUY rating on the stock We value Dixon at Rs 5050 i.e. 52x P/E on FY23E EPS

For all recommendations report, click here

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Broker Research

first published: Aug 4, 2021 05:19 pm

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