JP Morgan maintains an “outperform” call on Dixon Technologies with a target ₹19,500.
Dixon has fallen ~10% recently, but analysts say the dip lacks fundamental reason.
Growth is expected from mobile business in FY25–27 and expansion into appliances later.
Its component manufacturing ventures—JV with HKC, Q Tech India acquisition, JV with Chon
gqing Yuhai—are key levers.
Broker expectations also hinge on potential renewal of the PLI (Production Linked Incentive) scheme.
Shriram Finance, Nazara Tech, and others are on broker radar as well.
Investors may find opportunity in selective names with structural tail
winds.
Volatility in general may cause sharp intra-day movements in these names.
Strong corporate updates or partnerships could trigger momentum.
These stocks may outperform broader indices if sentiment improves
.