Buy this stock with a target price of Rs. 5,700: Edelweiss recommends

Target price

Dixon’s current market price (CMP) is Rs. 5112. Brokerage firm Edelweiss Recommends has estimated a target price for the stock at Rs. 5,700. Therefore, the stock is expected to give a return of 11.5 %, within a target period of one year.

Outlook for actions
Current Market Price (CMP)Rs. 5112
Target priceRs. 5,700
1 year of returns11.50%
Business performance

Business performance

Dixon’s income was Rs. 64,482mins, in FY21, and the brokerage firm expects it to increase by Rs. 1.29,380mins, in FY 22, and Rs. 1,90,344mn in FY23. Additionally, the company’s EBITDA was Rs. 2,866mn, in FY21, and the brokerage firm expects to which it increases by Rs. 5,312 mins, in FY 22, and Rs. 8,202 mins, in fiscal year 23. Dixon is on track to comply with the moving PLI cap, and also to earn income of Rs. 70 billion (FY23E).

Edelweiss comments

Edelweiss comments

Maintaining a buy rating, the brokerage said, “Dixon’s ambition for sustainable scale focused on returns from Dixon builds confidence in the basket of opportunities. Automation, migration to ODM (especially mobile phones) and an ecosystem of downstream components are critical to its long-term revenues and competitiveness. edge.”

Edelweiss added, “By expanding into new scalable categories, Dixon has a clear long-term performance threshold, which is a clear filter. In our view, while global business would pose challenges to overall returns as it offers great returns above the expected rate would remain essential for stakeholders. “

About the company

About the company

Dixon Technologies provides design-driven solutions in consumer durables, home appliances, lighting, mobile phones and security devices, set-top boxes, mobile phones and LED TV panels.

Disclaimer

Disclaimer

The above stock was selected in the Edelweiss brokerage report. Investing in stocks presents a risk of financial loss. Investors should therefore exercise caution. Greynium Information Technologies, the author and the brokerage are not responsible for any losses caused as a result of decisions based on the article.


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