Dixon: India Is Drafting A New Round Of Smartphone Manufacturing Incentives That Would Link Government Subsidies To Exports And Deeper Use Of Locally Made Components, Sources Say Bloomberg

 12 Mar 2026 10:53 AM

Dixon: India Is Drafting A New Round Of Smartphone Manufacturing Incentives That Would Link Government Subsidies To Exports And Deeper Use Of Locally Made Components, Sources Say Bloomberg

Dixon Tech: Morgan Stanley maintains Underweight on Dixon Technologies with ₹8,157 TP, citing lower FY26–27 mobile PLI allocations (₹220cr in FY26; allocation cut 22% and ₹1,350cr BE for FY27), uncertainty over PLI 2.0, and weak visibility on Q4/FY27 mobile shipments due to current DRAM prices, though FY26 PLI could still form ~17% of EBITDA and add ~40bps to margins.

 12 Mar 2026 09:12 AM

Dixon Tech: Morgan Stanley maintains Underweight on Dixon Technologies with ₹8,157 TP, citing lower FY26–27 mobile PLI allocations (₹220cr in FY26; allocation cut 22% and ₹1,350cr BE for FY27), uncertainty over PLI 2.0, and weak visibility on Q4/FY27 mobile shipments due to current DRAM prices, though FY26 PLI could still form ~17% of EBITDA and add ~40bps to margins.

Laptop Prices May Rise By Up To 35% Due To Increased Memory And GPU Costs; Market Expected To Shrink By 8% This Year. The Surge Is Caused By Rising DDR RAM Prices And A Shortage Of Entry-Level Intel Processors. After Record PC Shipments In 2025, Overall Sales Are Projected To Decrease By Up To 8% In 2026. (Dixon Tech)- MC

 11 Mar 2026 11:08 AM

Laptop Prices May Rise By Up To 35% Due To Increased Memory And GPU Costs; Market Expected To Shrink By 8% This Year. The Surge Is Caused By Rising DDR RAM Prices And A Shortage Of Entry-Level Intel Processors. After Record PC Shipments In 2025, Overall Sales Are Projected To Decrease By Up To 8% In 2026. (Dixon Tech)- MC

Dixon Technologies: Nomura maintains Buy on Dixon Technologies with target price ₹14,678, citing approval of the Dixon–HKC display module JV (74:26) and backward integration into display modules driving margin expansion, with trials from 2QFY27 and ramp-up in 2HFY27, potentially adding ~50 bps (up to 100 bps later) to margins, while the stock trades at ~30× FY28F EPS.

 10 Mar 2026 09:15 AM

Dixon Technologies: Nomura maintains Buy on Dixon Technologies with target price ₹14,678, citing approval of the Dixon–HKC display module JV (74:26) and backward integration into display modules driving margin expansion, with trials from 2QFY27 and ramp-up in 2HFY27, potentially adding ~50 bps (up to 100 bps later) to margins, while the stock trades at ~30× FY28F EPS.

Dixon Technologies: JPMorgan Chase maintains Overweight on Dixon Technologies with target price ₹13,000 (cut from ₹13,700), factoring HKC JV approval boosting component foray and EBITDA, though higher memory prices lowering mobile volumes lead to 13–14% EPS cuts for FY27–28, while still expecting ~36% earnings CAGR over FY26–28 driven by Q Tech and HKC component businesses.

 10 Mar 2026 09:16 AM

Dixon Technologies: JPMorgan Chase maintains Overweight on Dixon Technologies with target price ₹13,000 (cut from ₹13,700), factoring HKC JV approval boosting component foray and EBITDA, though higher memory prices lowering mobile volumes lead to 13–14% EPS cuts for FY27–28, while still expecting ~36% earnings CAGR over FY26–28 driven by Q Tech and HKC component businesses.

Jefferies maintains 'Hold' ratings on Dixon Tech with a target price of Rs 11350.

 10 Mar 2026 08:41 AM

Jefferies maintains 'Hold' ratings on Dixon Tech with a target price of Rs 11350.

Dixon Tech: Gets MEITY Approval for HKC Overseas Investment in Dixon Display

 09 Mar 2026 07:48 PM

Dixon Tech: Gets MEITY Approval for HKC Overseas Investment in Dixon Display

Dixon Technologies: Co. Finalizes Joint Venture With Longcheer; Invests ₹7.39 Crore For 74% Ownership In Dixel Infocom.

 04 Mar 2026 08:05 AM

Dixon Technologies: Co. Finalizes Joint Venture With Longcheer; Invests ₹7.39 Crore For 74% Ownership In Dixel Infocom.

Dixon tech: MS on Dixon tech UW, Target Price Rs 8157

 23 Feb 2026 09:10 AM

Dixon tech: MS on Dixon tech UW, Target Price Rs 8157

CLSA on Dixon Tech Downgrade to Hold from O-P, TP cut to Rs 12100 from Rs 15800

 19 Feb 2026 08:23 AM

CLSA on Dixon Tech Downgrade to Hold from O-P, TP cut to Rs 12100 from Rs 15800

Dixon: Company Reports Delay in Vivo Joint Venture and Anticipates Slowdown in Smartphone Market.

 05 Feb 2026 09:42 AM

Dixon: Company Reports Delay in Vivo Joint Venture and Anticipates Slowdown in Smartphone Market.

Dixon: Company Uncertain About Mobile PLI Extension As Budget Announcement Is Missing

 02 Feb 2026 10:00 AM

Dixon: Company Uncertain About Mobile PLI Extension As Budget Announcement Is Missing

Dixon: Morgan Stanley Warns That Mobile Volume Projections May Be Lowered Due To Rising DRAM Prices And Expected Delays In Regulatory Approvals.

 02 Feb 2026 09:40 AM

Dixon: Morgan Stanley Warns That Mobile Volume Projections May Be Lowered Due To Rising DRAM Prices And Expected Delays In Regulatory Approvals.

Dixon Tech: PLI For Mobile And IT Hardware Is Set At Rs 1,527 Cr, Compared To Rs 9,000 Cr Previously.

 01 Feb 2026 12:48 PM

Dixon Tech: PLI For Mobile And IT Hardware Is Set At Rs 1,527 Cr, Compared To Rs 9,000 Cr Previously.

Dixon: Macquarie maintains 'Outperform' ratings on Dixon, cuts target price to Rs 15000.

 30 Jan 2026 09:02 AM

Dixon: Macquarie maintains 'Outperform' ratings on Dixon, cuts target price to Rs 15000.

Dixon Tech: Predicts Q4 FY26 Smartphone Sales Between 7 Million And 7.5 Million Units, With FY27 Figures Under Review Due To Market Changes And Vivo JV Approval Pending. Mobile Phone Margins Expected At 2.8% To 3.2% Without PLI Extension, With Expected Growth From Backward Integration In FY27-28.

 30 Jan 2026 09:10 AM

Dixon Tech: Predicts Q4 FY26 Smartphone Sales Between 7 Million And 7.5 Million Units, With FY27 Figures Under Review Due To Market Changes And Vivo JV Approval Pending. Mobile Phone Margins Expected At 2.8% To 3.2% Without PLI Extension, With Expected Growth From Backward Integration In FY27-28.

Dixon Tech: Predicts INR 2,000 Crores Run Rate For Q Tech's Camera Modules And Plans To Increase Annual Production From 40 Million To 180-190 Million Units In The Coming Years. IT Hardware Revenue Expected To Hit INR 1,500 Crores This Fiscal Year, With Strong Orders Leading To INR 3,500 Crores To INR 4,000 Crores Next Year.

 30 Jan 2026 09:10 AM

Dixon Tech: Predicts INR 2,000 Crores Run Rate For Q Tech's Camera Modules And Plans To Increase Annual Production From 40 Million To 180-190 Million Units In The Coming Years. IT Hardware Revenue Expected To Hit INR 1,500 Crores This Fiscal Year, With Strong Orders Leading To INR 3,500 Crores To INR 4,000 Crores Next Year.

Dixon Tech: Projects FY26 Capex Between INR 1,100 Crores And INR 1,200 Crores With Allocations For Display Business, Q Tech Camera Modules, SFP Optical Transducers, And Mechanical Enclosures

 30 Jan 2026 09:10 AM

Dixon Tech: Projects FY26 Capex Between INR 1,100 Crores And INR 1,200 Crores With Allocations For Display Business, Q Tech Camera Modules, SFP Optical Transducers, And Mechanical Enclosures

Dixon Tech: Reports Positive Progress With Motorola For Export Orders Expected To Reach INR 5,500-6,000 Crores This Fiscal Year; Talks For More Orders With Another Major Partner Ongoing. Projected IT Hardware Revenue Set To Rise To INR 3,500-4,000 Crores Next Year, A Jump From Estimated INR 1,500 Crores This Year.

 30 Jan 2026 09:12 AM

Dixon Tech: Reports Positive Progress With Motorola For Export Orders Expected To Reach INR 5,500-6,000 Crores This Fiscal Year; Talks For More Orders With Another Major Partner Ongoing. Projected IT Hardware Revenue Set To Rise To INR 3,500-4,000 Crores Next Year, A Jump From Estimated INR 1,500 Crores This Year.

DIXON TECH: Q3 CONS NET PROFIT 2.87B RUPEES VS 1.7B (YOY); EST 1.9B

 29 Jan 2026 04:23 PM

DIXON TECH: Q3 CONS NET PROFIT 2.87B RUPEES VS 1.7B (YOY); EST 1.9B