Chandan Taparia of MOFSL recommends buying Divi's Laboratories, TVS Motors and Dixon Technologies, citing strong technical setups and improving momentum.
Stocks to watch today: RIL, Amber Enterprises, ONGC, Ather Energy, NMDC, Voltas, Patanjali Foods, EaseMyTrip, Cochin Shipyard, Jindal Stainless, Brigade Enterprises, among others, will be in focus.
Electronic manufacturing services major Dixon Technologies (India) on Friday said it has issued a continuing and irrevocable corporate guarantee of USD 220 million (about Rs 2,101 crore) on behalf of its subsidiary, Padget Electronics, in favour of Lenovo Ireland International Ltd. The guarantee aims to ensure that Padget Electronics discharges all its payment obligations towards Lenovo Ireland for the purchase of raw materials, parts, and components required for manufacturing its products, the company said in a regulatory filing. "Dixon has agreed to provide a continuing and irrevocable Corporate Guarantee to Lenovo Ireland International Limited... for and on behalf of Padget up to an aggregate limit of USD 220,000,000," the filing stated. Padget Electronics is an unlisted material wholly owned subsidiary of Dixon Technologies. There is no immediate impact on Dixon, though the guarantee will be reflected as a contingent liability in the company's books. In December 2023, Padget w
In the past three months, the Nifty Consumer Durable index surged 15 per cent, against a 2.7 per cent rise in the Nifty 50.
Dixon Technologies expects its Vivo joint venture to close within two months, with revenue contribution starting in Q3 as the partnership expands mobile manufacturing capacity
The company's revenue grew by 21.1 per cent from the same quarter last year to ₹15,548 crore from ₹12,835.66 crore in the year-ago period.
Brokerages expect Dixon Technologies and Amber Enterprises to benefit from the Centre's new electronics manufacturing incentives, though margin gains for Dixon may be lower than under PLI 1.0.
The Union Cabinet granted approvals to two key schemes: the Mobile Phone Manufacturing Scheme with an outlay of ₹62,500 crore, and ISM 2.0 with a budgeted outlay of ₹1.3 trillion.
Dixon Technologies today was up 4 per cent intraday as the company secured government approval to set up its joint venture (JV) with Vivo Mobile India (VMI).
The government extended customs duty concessions on a range of machinery and components used in electronics manufacturing until March 31, 2029.
Today's rally was buoyed by a report that the government is likely to clear Dixon-Vivo JV this month, which will reduce the risk exposure of the Chinese mobile company to India.
Ajit Mishra of Religare Broking expects SAIL to rally to ₹240, and Dixon Technologies past ₹13,000-mark; whereas, he cautions Kaynes Technology could crack to ₹2,500 if it breaks key support.
Dixon Technologies expects export growth, speciality EMS expansion and the proposed Vivo joint venture to support earnings amid margin pressures and weak demand
Dixon Technologies' Q4FY26 results have raised concerns over weak smartphone demand, fading PLI incentives and delay in Vivo JV approval.
Stocks to watch today: Jewellery stocks, Tata Power, RVNL, Airtel, Cipla, Dixon Technologies, Dr Reddy's, Berger Paints are among others that will remain in focus today.
Analyst said that demand and consumption of electricity may further rise due to more intense heatwaves, with more frequent use of air conditioners, air coolers, and other appliances.
Motilal Oswal sees 30% upside in Dixon Technologies share price despite near-term headwinds from weak smartphone demand and rising costs. The brokerage has reiterated 'Buy' with ₹14,700 target price
Following the announcement, the Nifty Consumer Durables index surged 4.48 per cent to hit 35,678 levels during intraday trading on Wednesday
Analysts believe that the EMS industry is a key component of India's broader electronics ecosystem and has shown strong growth in recent years
On the Nifty Midcap 100, Hindustan Petroleum stock was the top loser, down 4.35 per cent at ₹334.35 per cent