Dixon Technologies reports doubled Q1 net profit, analysts predict continued growth

Mumbai: Shares of Dixon Technologies gained around 3% on Wednesday after the company’s Q1 net profit doubled, prompting most brokerages to raise stock’s target prices. Analysts expect earnings to continue to grow over the next couple of years. JP Morgan, which raised its price target to ₹19,500 from ₹17,700 after June quarter, said it expects the company’s revenues to double by FY27.