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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
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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).


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


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Dixon Technologies (India) - 280722 - icici

Broker Research
first published: Jul 29, 2022 07:01 pm
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