Dixon tech share price: Dixon Tech shares jumped over 4% amidst a great shopping trend in the domestic stock market today. This boom in its shares came on the bullish trend of the global brokerage firm Nomura which has fixed the highest target price for its shares. Currently, it is at a price of ₹ 14731.80 with a gain of 2.87% on BSE. It had jumped 4.39% to ₹ 14950.00 in intra-day. Talking about the speed of shares in a year, on 23 July 2024 last year, it was at ₹ 10,613.00, a year -low, which jumped 80.44% in three months and reached a record high of ₹ 19,149.80 on 17 December 2024.
Why is Nomura Bulish on Dixon Tech?
Nomura says that India’s mobile electronics manufacturing services (EMS) industry in India’s Dixon, DBG Technology (China), Bhagwati (Unlisted), BYD (Hong Kong), UTL Neolis (Unlisted) and Tata Electronics (unlisted) will be the dominance of the most part of which the dicky is the dominant. Nomura states that the original design manufacturing (ODM) partnership with the Longchier and the equity stake of customers such as Vivo and Transsion helped reduce customers’ lose risk. Apart from this, backward integration is also expected to help in connecting the client. Nomura says that Dixon has created new clients at higher speed than Pierce.
Apart from this, the company’s export sales increased by about 4 times in March-May 2025, indicating that the company’s exports are on the right path. According to Nomura, Motorola, who sells about 10 million units in the US, can shift its production from China to India due to the US tariff policy, which will benefit local EMS companies. Motorola’s imports in India have increased rapidly and 75% of their imports came from Dixon in April-May 2025 but earlier it was at 100%. This decline came due to capacity boundaries. Nevertheless, the monthly revenue from Motorla has crossed the earlier record high, and the new capacity is expected to increase further in the volume. Nomura hopes that Motorola’s Indian volume can increase from 1.1 crore in FY 2025 to 1.6 crore in FY 2026 and 1.8 crore in FY 2027.
Talking overall, the brokerage firm has upheld the estimate of 4.5 crore in FY 2026, except Vivo and 6.4 crore units of smartphone units in FY 2027. Due to all this, the brokerage firm has upheld Dixon’s purchase rating and has increased the target price to ₹ 21,409. Nomura says that mobile volume bounce, current partnerships can show further boom in shares with regulatory approval and new partnership.
What is the trend of the rest of the brokerage firms?
On the one hand Nomura has increased the target price of Dixon Tech to ₹ 21,409, on the other hand Philip Capital has reduced the target price to ₹ 9,085 due to increasing competition in the mobile-phone space assembly space, which is the second most target target price for this. A target price of ₹ 8,696 has been fixed by Morgan Stanley. Of the 33 analysts covering it, 19 have given it to the purchase, 5 holds the hold and 9 have sales rating.
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