There are hopes of a turnaround in overall corporate earnings after six quarters of single digit growth
The brokerage added that Dixon Tech's ramp-up in information technology (IT) hardware and telecom remains on track and could support growth
Motilal Oswal estimates a 30 per cent compound annual growth rate (CAGR) in aggregate revenue of their EMS coverage companies over FY25-28.
Dixon CMD Atul Lall says India is at an electronics manufacturing inflection point and must deepen value addition, create IP and expand global capacity as schemes drive rapid sectoral growth
From a ₹49 lakh crisis-born firm to a ₹65,000 crore giant, Dixon's MD & CEO maps India's electronics leap, AI-led factories, global ambitions, and the long road to owning IP
CLSA downgraded Dixon Technologies to 'Hold' from 'Outperform', cutting its target price to ₹12,100 from ₹15,880 per share
Despite muted Q3 performance, higher input costs and uncertainty over the Vivo joint venture, Dixon Technologies' valuation factors in multiple headwinds, with brokerages divided on outlook
Emkay Global described Dixon's Q3 as 'soft', with revenue growth limited to 2% Y-o-Y, largely due to a 5% annual decline and a sharp 30% sequential fall in the mobile phone business.
Bata India, Indian Hotels, IGL, MGL, Just Dial, Kalyan Jewellers, Jubilant FoodWorks, Oberoi Realty, Mankind Pharma and Suzlon Energy have hit their respective 52-week lows.
Dixon shares have declined 24 per cent over the past one month and 63 per cent over six months, reflecting investor anxiety around multiple headwinds.
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.
Stocks to watch on Monday, January 5, 2026: At around 7:10 AM, GIFT Nifty futures were up 79.1 points at 26,534.5, signaling a strong start for the bourses.
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.
Some stocks that rallied last year have been among the biggest laggards of 2025, while many underperformers have emerged as winners
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.
Mobile and EMS segments fuel Dixon's growth; brokerages expect further gains from backward integration and component manufacturing expansion
Nuvama analysts have marginally lowered Dixon Technologies' December 2026 target price to ₹16,600 from ₹16,800, valuing the stock at 65x estimated December 2027 EPS