Dixon Technologies shares experienced a significant surge recently, hitting a record high following impressive Q2 earnings reports. The stock climbed 6.21% to reach ₹15,999.95, reflecting strong performance that contributed to a market capitalization of ₹84,653 crore. However, after this peak, the shares saw a notable correction, falling by 13% as investors engaged in profit booking, ultimately trading at ₹13,877.10. The Q2 results showcased Dixon’s robust operational capabilities, with a remarkable 133% year-on-year increase in revenue, driven primarily by a 235% surge in the mobile segment. Despite the impressive figures, analysts remain cautious.
Dixon Technologies Shares 2025
Brokerage Nuvama expressed concerns regarding the stock’s future potential, maintaining a ‘HOLD’ rating, while Investec took a more bullish stance with a ‘BUY’ recommendation, citing strong growth opportunities in the IT hardware sector. Dixon Technologies continues to be a key player in India’s contract manufacturing landscape, specializing in consumer durables, lighting, and mobile phones. With a promising outlook and ongoing expansion into components manufacturing, the company is well-positioned for future growth, despite the recent volatility in its share price.