Dixon Technologies’ shares surged 10–12% today

Dixon Technologies’ shares surged 10–12% today despite a sharp 49% fall in quarterly profit, as investors focused on strong revenue growth (up 47% YoY) and optimism around smartphone recovery and the Vivo joint venture. Brokerages remain bullish, with target prices suggesting up to 45% upside, though analysts warn of margin pressures in the near term. 📊 Dixon Technologies Q2 FY27 Highlights Revenue: ₹21,794 crore, up 46.7% YoY (beat estimates). Net Profit: ₹343.7 crore, down 48.7% YoY. EBITDA: ₹597–666 crore, down 37% YoY. EBITDA Margin: Contracted to 2.7–3.1% (vs 7.1% last year). Smartphone Volumes: Recovery noted, with ~9.5 million units shipped. Operating Profit: ₹597 crore, up 6% YoY. 📈 Market Reaction Share Price Movement: Jumped 10–12% intraday, hitting ₹12,199–₹12,319 on NSE. Market cap crossed ₹72,900 crore. Brokerage Views: Motilal Oswal: Buy, target ₹15,900 (44.5% upside). UBS: Buy, target ₹15,600 (41.8% upside). Nuvama: Upgraded to Buy, target ₹14,900 (35.5% upside). Emkay Global: Buy, target ₹16,400.