Dixon Technologies reports doubled Q1 net profit, analysts predict continued growth

Shares of Dixon Technologies rallied after the company reported a twofold jump in its Q1 net profit, prompting several brokerages to hike their target prices. Analysts anticipate sustained earnings growth, with revenue expected to double by FY27, driven by robust mobile orders and the scaling up of its joint venture with Vivo. While growth outlook remains positive, some analysts caution that valuations appear steep relative to global peers.