Dixon Technologies share price: ICICI Securities assign a BUY rating to Dixon Technologies with a target price of Rs 4270/share
Dixon Technologies is an electronic manufacturing service (EMS) provider to various multinational/domestic companies in India. The company is one of the biggest beneficiaries of the government’s production linked incentive (PLI) scheme for mobile phones and other electronic products. ICICI Securities believe PLI benefits will start flowing in from Q4FY21E onwards while in future Dixon Technologies mobile revenue will grow multi-fold (14x jump) over FY20-23E
Dixon Technologies has also applied for PLI in the lighting, electronic wearables and other electronic products (laptop/notebooks): Reuters