Dixon Tech called ‘strong buy’ by analyst amid expansion push
Dixon Tech rose 2% as analyst Vijay Gupta flagged it a strong buy after its JV with Signify and entry into premium smart appliances. Gupta sees upside from robust FY25 results, Noida cluster expansion, and new OEM deals. JPMorgan projects 38% revenue CAGR. Despite a 12% YTD dip, analysts expect a valuation re-rating.