Dixon Technologies’ shares saw a rally despite a 36% drop in March quarter net profit. Revenue from operations increased by 2% year-on-year. Brokerages offer mixed views, with Goldman Sachs maintaining a ‘Sell’ rating due to weaker mobile segment performance, while Motilal Oswal and JM Financial suggest ‘Buy’ and ‘Add’ respectively, citing potential growth drivers like PLI 2.0.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets