Smartphone Waali Tension Toh Hai, Par...
Dekho, Dixon Technologies filhaal smartphone market ki headwinds se thoda pareshan hai. Memory prices zada hone aur inventory bhari hone ki wajah se demand kam hai. Isliye, company ke 3QFY26 results mein revenue aur EBITDA toh theek-thaak aaye, par overall growth slow dikhi. Ye smartphone demand ki kami agli kuch quarters tak chalne wali hai, aisa analysts ka kehna hai.
Dixon Kar Raha Hai Khud Ko Strong!
Par tension wali baat nahi hai! Dixon pichhe nahi hat raha. Woh apne backward integration plans par lagataar kaam kar rahe hain aur kuch zaroori ECMS approvals bhi mil gaye hain, jaise camera modules aur electro transceivers ke liye. Ye sab karke company apni manufacturing capabilities strong kar rahi hai.
Vivo JV Mein Thoda Delay
Haalanki, Vivo ke saath jo joint venture hone wala tha, uske approvals mein thoda time lag raha hai. Company ko umeed hai ki is fiscal quarter tak ye ho jayega, par abhi uncertainty bani hui hai.
Analyst Ab Bhi Bullish Kyun?
Motilal Oswal ka kehna hai ki stock prices 46% tak gir chuke hain, matlab future ke risks shayad pehle hi price mein include ho gaye hain. Isliye, unhone apni BUY rating ko maintain rakha hai aur target price ₹16,700 set kiya hai. Is valuation ke liye woh 2-year forward DCF model use kar rahe hain, jo lagbhag 55x P/E multiple dikhata hai.
Is sab ka asar EPS estimates par bhi pada hai, FY27 aur FY28 ke liye estimates 23% aur 9% kam kiye gaye hain. Lekin overall, analyst ko long-term mein company se achhi umeed hai. Company ki market cap abhi lagbhag ₹48,500 Crores ke aas-paas hai.