Dolat Capital recommended accumulate rating on Dixon Technologies with a target price of Rs 2500 in its research report dated January 31, 2019.
Dolat Capital's research report on Dixon Technologies
Consumer electronics, WM, and lighting grew strongly in Q3, together with sequential improvement in mobile revenues. EBITDA margin increased, across all the segments, except WM, which faced higher input cost. We expect lighting, TVs and Mobile to drive performance in Q4, aided by an increasing ODM mix and new customer addition.
Outlook
We reiterate Accumulate rating for the stock, with a TP of ` 2500.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Read More
