Dixon Technologies reported a robust Q1FY26, with net profit surging 100% to ₹280.02 crore and revenue climbing 95% to ₹12,835.66 crore. Motilal Oswal Financial Services reiterated a ‘Buy’ rating, raising the target price to ₹22,100, anticipating sustainable volume growth and margin improvements driven by mobile segment and PLI scheme benefits. However, the company’s net debt has also increased.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets