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Research Report Detail
|Report Date||Call||Price@Call||Target Price
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|Open|| Long (1Y)
Anand Rathi Maintains Buy On Dixon Technologies
Brokerage firm Anand Rathi has maintained buy on Dixon Technologies and raised target price to Rs 5,006 from its earlier target price of Rs 3,916. "After production-linked incentives (PLIs) for mobiles being approved, Dixon will now bid for PLIs for AC components LED bulbs. The proposed PLI for wearable technology augurs well for it, as bOAT is a customer. Dixon can benefit from opportunities in the 5G-technology roll-out as it can assemble 5G-compliant handsets and equipment like modems and routers. On such powerful tailwinds support, we raise PE multiple assigned to the stock from 50 times to 60 times," Anand rathi said in a report.