Dixon Technologies (India) Limited shares rose 6.09% to Rs 13,215 on July 6, 2026. A foreign brokerage reiterated its Buy rating and increased the target price to Rs 16,200. This valuation represents a potential upside of 22.6% from current levels.
The upgrade follows the company's expansion into specialty electronics manufacturing services (EMS). Analysts raised earnings per share (EPS) estimates for FY27 and FY28 by 6-8%. These revisions reflect management guidance on rising mobile phone volumes and stabilizing smartphone demand.
Indian firms are capturing market share from Chinese manufacturers in the EMS sector. The brokerage also increased revenue projections for Dixon’s telecom and IT hardware segments.