Analysts at JM Financial have maintained 'ADD' rating on Dixon Technologies and Indian Energy Exchange; while Nomura retained 'BUY' on Dixon. Here's how these 2 beaten-down stocks are placed on charts
The stock price of Kaynes Technology hit a 52-week low of ₹3,682.15 in intra-day trade on Wednesday, and has corrected 52 per cent from its 52-week high of ₹7,705 touched on October 7, 2025.
The brokerage lowered its target price to ₹16,598 from earlier levels, implying a 36 per cent upside from current prices.
Dixon Technologies stock was down 3.3 per cent to ₹11,915, its lowest level since August 2024, on the BSE in Monday's intra-day trade.
The brokerage's analysis of its universe of stocks revealed that after a prolonged period of earnings cuts, companies are beginning to report earnings upgrades.
Dixon Technologies has plunged 32 per cent from its calendar year high, while ITC Hotels stock has shed nearly 27 per cent, shows technical charts.
Kaynes Tech stock has recently taken a hit following concerns around the company's accounting disclosures, which made market participants nervous
Nomura expects Indian markets to trade in the range of 20-22x one-year forward earnings, assuming risk premia remain low.