Stay updated with breaking news from Dixon Tech. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.”