Dixon Tech Shares: Brokerage agency JM Monetary reduce Dixon Tech’s ranking and goal value, then traders began promoting shares. Attributable to this, traders began promoting shares and it misplaced about 8 p.c. The shares tried to get well one thing as a result of decrease stage buying, however it’s nonetheless in a really weak state of affairs. At the moment, it’s at a value of Rs 15624.75 with a decline of 5.69 per cent on BSE. It fell 7.81 per cent to Rs 15272.75 in intra-day. The brokerage agency has reduce its ranking and goal value at three factors. Braresh, brokerash on Dixon Tech at three factors? JM Monetary has diminished the ranking of Dixon Tech for 3 causes. One is that the delay in beginning manufacturing with Vivo and the show with HKC sub-assembly, on account of which the brokerage reduce the estimate. Secondly, in 2026 subsequent 12 months, there’s a chance of accelerating competitors as a result of closure of the cell production-linked incentive scheme. Brokerage believes that this may make it a uniform open floor for all firms. On the identical time, the third cause is Wealthy Valuance, on account of which the brokerage agency is occupied with that there isn’t a longer an opportunity. Attributable to all these causes, the brokerage agency has diminished its ranking from buying and diminished the goal value from Rs 16500 to Rs 15650. The involved Khabranomura has given it a purchase order ranking however has diminished the goal value from Rs 21,202 to Rs 22,005 to Rs 22,005. Brokerage says Dixon’s march quarterly was higher than his expectation. The efficiency of the cell section was wonderful within the home and export market. Nomura says that it has a aggressive edge on account of its complete shopper base, acquisition and strategic partnership. Speaking total, out of the 33 analysts protecting it, 20 have bought it, 5 maintain it and eight has gross sales ranking. The best goal value of Rs 21,202 was given by Nomura and the bottom goal value of Rs 8696 was given by Morgan Stanley. The shares of the shares of the shares had given greater than 126 per cent returns in six months final 12 months, that’s, the cash of traders had greater than doubled. Final 12 months, on 4 June 2024 it was at Rs 8440.15, which is a one 12 months low for its shares. It reached Rs 19149.80 on 17 December 2024 in about six months from this decrease stage, which is a document excessive for its shares. Though the shares have stopped right here and at the moment it’s greater than 18 per cent draw back from this document excessive. The web site or administration isn’t chargeable for this. Moneycontrol advises to customers that at all times search the recommendation of licensed consultants earlier than taking any funding determination.
