Dixon Tech Shares Surge Up to 6% on Investec’s Bullish Outlook

ogies shares climbed as much as 6% on Monday, hitting an intraday high of ₹13,161 on the NSE, extending gains for the fifth straight session. The rally was triggered by brokerage Investec maintaining its ‘Buy’ rating and raising the target price to ₹16,200, implying around 30% upside. Investec cited strong prospects from higher mobile exports and the company’s recent foray into speciality Electronics Manufacturing Services (EMS). The brokerage hiked its EPS estimates for FY27 and FY28 by 6-8%, factoring in stabilising mobile demand and Indian players gaining share from Chinese competitors. While EBITDA may stay flat in H1FY27 due to the PLI scheme expiry, robust growth is expected from H2FY27 onward, supported by telecom and IT hardware businesses. This positive outlook underscores Dixon’s strengthening position in the EMS sector