The rally was sparked by Phillip Capital's 'Buy' recommendation on Lumax Auto Technologies Ltd, along with a target price of ₹1,860, implying a 36 per cent upside.
Dixon Technologies share price slipped 3 per cent after Phillip Capital raised increased competition from Karbonn
The stock was down 7.55 per cent in trade on Wednesday and ended at Rs 566.45 per share
Interview with MD and chief executive officer, Phillip Capital (India)