Dixon Technologies to invest Rs 1,500 cr in India by 2028

Dixon Technologies is planning to increase their value addition in its mobile segment over the next two to three years. The value which is currently at 17 to 18%, is subjected to reaching 35-36% by the end of 2028. The company has earned broadly ₹18,600 crore in the first half. They are actively engaged in the production of Google Pixel smartphones.

Nomura, a Japanese brokerage firm, has assigned a 'Buy' rating to Dixon Technologies (India) Ltd., with a price target of ₹18,654 per share. The price target is ₹18,654 which is a potential upside of nearly 18% from the stock's price. The foreign brokerage firm has estimated an additional ₹1,500 crore revenue by contributing 4% to FY26 smartphone sales.

The company, which is focused on growth across mobile, IT, and telecom segments, has done a tremendous job by making a partnership with Vivo India for enhancing the capability of the electronic devices segment. They are expecting to boost their exports as a lot of businesses are now considering India a key manufacturing hub. The high customer acquisition rate in telecom and IT hardware is helping this company to hold sustained growth. Also, the market presence and operational efficiencies are likely to grow. Obviously, Dixon Technologies share price is likely to grow in the days to come.