Sensex Today | Morgan Stanley keeps ‘underweight’ rating on Dixon Technologies, target price at Rs 11,563
#1 IT hardware import norms extended, leading to growth uncertainty
#2 Believe extension of IMS could allow brands like Acer, Lenovo, HP & Asus to continue importing under requisite licences & disclosures
#3 Over the past two years, company has retained its cumulative IT hardware revenue guidance of Rs 48,000 crore up to FY31
#4 This implies a Rs 7,500–8,000 crore annual run rate in the coming years, which we consider challenging
#5 Expect IT hardware to contribute approximately 7 percent of company’s FY30 revenue
#6 Favourable import norms could pose downside risk to this estimate
Dixon Technologies was quoting at Rs 13,143.65, down Rs 122.45, or 0.92 percent.
It has touched an intraday high of Rs 13,436.00 and an intraday low of Rs 13,085.95.
It was trading with volumes of 9,794 shares, compared to its five day average of 26,105 shares, a decrease of -62.48 percent.
In the previous trading session, the share closed down 0.25 percent or Rs 32.95 at Rs 13,266.10.
The share touched a 52-week high of Rs 18,698 and a 52-week low of Rs 12,133.50 on 06 January, 2025 and 11 December, 2025, respectively.
Currently, the stock is trading 29.71 percent below its 52-week high and 8.33 percent above its 52-week low.
Market capitalisation stands at Rs 79,763.22 crore.