brokerage firm Nuvama Institutional Equities has trimmed its target price for electronic manufacturing services (EMS) player Dixon Technologies following the company’s Q2FY26 results. The brokerage has retained its Hold rating, citing Dixon’s strong balance sheet — reflected in negative working capital of six days and a modest net debt of ₹200 crore — which underpins its planned ₹1,100 crore capex for FY26 across IT hardware, components, and appliances.

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