Dixon Tech Valuation Still Higher And DRAM Prices May Continue To Weigh Heavily, Says Jefferies — Check Target Price

Jefferies has maintained a 'hold' rating on Dixon Technologies, setting a target price of Rs 11,350. This decision comes in light of the company's high valuation levels and anticipated challenges in the global smartphone market. Despite a significant drop in Dixon's stock price, analysts express concerns about the ongoing pressure on DRAM prices, which could further impact the company's performance. The smartphone sector is expected to face hurdles due to a decline in shipments, prompting investors to remain cautious. Dixon Technologies, known for its electronics manufacturing, continues to navigate a complex market landscape, balancing growth opportunities against valuation pressures and external economic factors.