Moneycontrol PRO
Live: Live: Bajar Gupshup | August 18, 2022

Buy Dixon Technologies (India); target of Rs 4200: ICICI Direct

ICICI Direct is bullish on Dixon Technologies (India) has recommended buy rating on the stock with a target price of Rs 4200 in its research report dated July 28, 2022.

July 29, 2022 / 07:01 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

ICICI Direct's research report on Dixon Technologies (India)


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 50x P/E on FY24E EPS with revised target price of Rs 4200/share.


For all recommendations report, click here

Close

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.

Dixon Technologies (India) - 280722 - icici

Broker Research
first published: Jul 29, 2022 07:01 pm
Sections
ISO 27001 - BSI Assurance Mark