Disclaimer : This information is for educational purposes only and does not constitute any financial advice.

Dixon Technologies (ticker DIXO) opened July 4 at around ₹15,174–₹15,282, just 20% below its 52 week high(₹19,149). The company finished FY 2024–25 with impressive Rs 10,303 cr revenue (up 120% YoY) and Rs 461 cr net profit . Its five‑year ROE soared near 25%, and profits grew at ~45% CAGR , underlining robust financial health.

Technically, the stock trades above 5-, 10-, 20- and 100‑day VWAP, indicating short‑term strength, though it’s shy of the 200‑day level . However, with a lofty P/E of ~83x and P/B above 26x, the valuation may deter cautious investors.

Analyst consensus leans bullish - median 12‑month target ~₹16,627 (+10%) - but opinions diverge: Morgan Stanley recently downgraded to “underweight,” citing increasing competition in its EMS business and slowing future earnings, projecting a downside to ₹11,563.

Finally, Dixon’s expansion into smartphone and component manufacturing, including assembling Google Pixel devices, positions it well amid India’s surge in electronics production. While strong growth and India’s EMS tailwind support the stock, valuation pressure and margin risks suggest cautious optimism may be warranted.