Dixon Technologies: Investec lists 5 structural growth engines fuelling 23% upside potential

Dixon Technologies (India) Ltd. is entering its next phase of growth with multiple catalysts across mobile manufacturing, exports, component localisation and IT hardware, according to Investec. The brokerage retained its ‘Buy’ rating on the stock with a target price of Rs 14,500, implying an upside of about 23%.

Investec said management remains confident that mobile phone volumes will stay resilient even before the proposed Vivo joint venture receives regulatory approval. It also expects exports, backward integration and new business verticals to support earnings growth over the next few years.