The stock market seems to be a rollercoaster ride today, with the SENSEX at 81,546.70, up by 360.26 points. CRUDEOIL is also on the rise at 5,381.00, up by 47.00 points, while SILVER is soaring at 97,560.00, up by 272.00 points. The market is definitely showing some interesting movements, and investors are keeping a close eye on their portfolios.
Dixon Technologies stock, on the other hand, is not having the best day as it slumped nearly 8 per cent in early trade. Despite strong Q4 earnings, there are concerns over the impact of PLI expiry in FY27. Analysts have mixed opinions about Dixon’s performance, with CLSA assigning an outperform rating with an increased target price of ₹19,000, while Nomura maintained a buy rating at ₹21,202 per share. Emkay Global, on the other hand, reiterated a buy rating at a slashed target price of ₹19,800, citing delays in Vivo JV and display module manufacturing.
It seems like Dixon has filed for PLI pertaining to Q4FY24 and FY25, and while remaining eligible PLIs have been received for the previous year, there are still concerns about the impact of mobile PLI expiring in FY26. Despite some ups and downs in performance, analysts believe that Dixon will continue to deliver strong growth in the medium term, thanks to adding new customers consistently and investing in efficiency improvements.
In terms of financials, Dixon’s consolidated net profit has seen a significant increase year-over-year, rallying over 3-fold to ₹401 crore in the March 2025 quarter. Revenue from operations has also seen a substantial jump, standing at ₹10,292.54 crore in the quarter under review. The company’s profit for FY25 rose to ₹1,095.54 crore from ₹367.75 crore the previous year. Despite these positive numbers, Dixon shares traded 6.14 per cent lower on the BSE at ₹15,549.15.
At the end of the day, the stock market is a wild ride, and investors need to buckle up and hold on tight. With ups and downs like these, it’s essential to stay informed and make decisions based on sound analysis. Who knows what tomorrow will bring in the world of stocks and investments? Not really sure why this matters, but hey, that’s the stock market for you.