Broker trims target price for Dixon Technologies citing near-term uncertainty

Brokerage Nuvama Institutional Equities has reduced its target price for Dixon Technologies to ₹16,600 from ₹16,800, indicating limited upside from current levels. The stock has already delivered strong returns (over 40% growth in mobile handset exports) but the brokerage cited margin pressure, supply-chain uncertainty and a stretched valuation as reasons for the cut. Investors were advised to position cautiously and reassess holding if growth assumptions change. The adjustment reflects a broader mood of consolidation in export and electronics names.