This mobile maker doubled sales in Q4, but analysts project two-way move for the stock

NEW DELHI: Dixon Technologies’ two-fold jump in March quarter sales was strong, but largely in line with consensus estimates.

The stock also did not react much, ending the day flat on Friday.

Analysts said new opportunities are likely going forward for this one of the biggest beneficiaries of the government’s Atmanirbhar Bharat initiative. They are also projecting a 70-80 per cent growth in earnings for this electronic manufacturer over FY21-23. But after an 8 times surge in the stock price over the last two years, they have a wide target range of Rs 3,850-4,800 for the stock.