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Brokerage trims valuation outlook while retaining medium-term confidence
CLSA cut Dixon Technologies’ target price citing near-term growth concerns, but retained confidence in the company’s medium-term earnings potential and long-term business prospects.
Market focus shifted to Dixon Technologies after reports indicated that CLSA reduced its target price on the stock to Rs 15,800 from Rs 18,800, implying a cut of about 16 percent, while maintaining an Outperform rating. The brokerage reportedly expects flattish year on year revenue growth in the December quarter, which could lead to a downgrade in FY26 guidance.