Dixon Technologies - Strong Q3 Show; Medium-Term Growth Priced-In: ICICI Securities
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ICICI Securities Report
Dixon Technologies India Ltd.’s most positive triggers such as higher revenue growth in television, production linked incentive-driven revenues in mobiles, traction in 2G phones/set-top boxes, capacity-driven growth in LED lights, washing machines and TV, are already factored into our estimates.
Near-term challenges include the possible margin overhang in original design manufacturer business (washing machines) with higher commodity prices.
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