Page 5 - Dixon Tech News Today

Dixon has underperformed the broader market and with expectations of a limited upside, it can slide towards Rs 4,900, the brokerage has said

Kim mentioned that he has observed a surge in midcap stocks, especially in the Indian financial sector. However, large-cap financial stocks, especially private ones, still have some distance to cover, he added.

CLSA has an “outperform” call on Dixon Technologies with a target price of Rs 5,675, a 6 percent upside from the closing price of October 26

The NSE Nifty index was trading 174.6 points up at 19031.85

“The markets are definitely over-pessimist. Within a week, we are so heavily oversold that anything can trigger an upside now. I am very optimistic on both the indices, the Nifty and the Bank Nifty. I think they have been overdone in this sell off or profit booking in the mid caps. And mid caps, I think, will again retrace themselves after a little bit of consolidation.”

Top stocks to watch: ACC, Dixon Technologies, RailTel, Tech Mahindra, Vodafone Idea, Jay Bharat Maruti, Ksolves India and some other counters will be in focus today.

Dixon Tech, an outsourcing company in India, has entered into a partnership with Xiaomi for manufacturing smartphones. The company has set up a new factory in Noida with an investment of approximately Rs 400 crore. Commercial production is expected to start by the end of this month or next month. Dixon Tech believes that electronic goods for both Indian and global markets will be manufactured in India, and they aim to provide electronic manufacturing services to more brands.

Dixon Tech, an outsourcing company in India, has entered into a partnership with Xiaomi for manufacturing smartphones. The company has set up a new factory in Noida with an investment of approximately Rs 400 crore. Commercial production is expected to start by the end of this month or next month. Dixon Tech believes that electronic goods for both Indian and global markets will be manufactured in India, and they aim to provide electronic manufacturing services to more brands.

Top stocks to watch: Tata Power, YES Bank, Aurobindo Pharma, Dixon Technologies (India) and Bombay Dyeing are among some stocks that will be in focus on Thursday (September 28).

Sanjiv Bhasibelieves that Dixon has already seen a significant increase in price, but the shift towards electronic manufacturing services is still favorable in the long-term. Regarding Avenue Supermarts, Bhasin thinks Trent is a better investment than DMart. He also mentions the potential for gains in Reliance Industries due to record retail sales and increased demand for distillate OTC chemicals.