Buy Dixon; target of Rs 5700: Edelweiss Securities
Edelweiss Securities is bullish on Dixon has recommended buy rating on the stock with a target price of Rs 5700 in its research report dated December 06, 2021.
December 07, 2021 / 02:38 PM IST
Edelweiss Securities' report on Dixon
We recently interacted with Mr Sunil Vachani, Executive Chairman at Dixon. Highlights: i) Penetration and imports substitution in categories wherein Dixon has presence offer huge growth potential, and Dixon aspires to be a top five global player in EMS by revenue and capability. ii) Management remains confident of attracting global/local partners that prioritise players with solid execution track record, cost edge, etc. Dixon’s sustainable returns-centric scale ambition reinforces confidence w.r.t. opportunity basket.
Automation, migration to ODM (especially mobile phone), and a downstream component ecosystem are critical to its long-term revenue and competitive edge. Retain ‘BUY’.
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