Dixon Technologies under pressure; analysts flag caution ahead
Dixon Technologies's shares slipped 3% as analysts warn of further downside after Motorola cut ties and promoter Sunil Vachani sold a 2.77% stake. Technicals show bearish momentum with a descending triangle pattern and key EMAs breached. Analysts caution retail investors, citing stretched valuations at 29x book and 60x earnings, and recommend watchful reassessment below ₹12,754 support.