Nuvama raises Dixon Tech target price, cuts FY27 earnings estimate
after close1 source ↓written by the desknot a recommendation
- in FY28 EPS
- 9% upgrade
- due to delays
- 7%
- increase
- 40% YoY
Nuvama Institutional Equities has raised its target price for Dixon Technologies after a 9% upgrade in FY28 EPS estimates, driven by a faster scale-up in components. However, it cut FY27 EPS estimates by 7% due to delays in the Vivo joint venture consolidation. Dixon anticipates FY27 revenue of ₹6,500–7,000 cr, marking a 40% YoY increase.
Not investment advice. For informational purposes only.