Shares of Dixon Technologies are in an uptrend for two sessions. The stock has gained 10.50% from 52 week low of Rs 12,133 reached on December 11. However, the stock is still down 26% in three months and left shareholders in losses in the short term. The multibagger stock has fallen 25% in a year and lost 26% in 2025. Advertisement

Despite all the bearish momentum, brokerage firm CLSA has reiterated its 'Outperform' rating for the consumer electronics stock.

The brokerage has assigned a 12-month price target of Rs 18,800, implying a potential upside of 45% from current level.

The stock has been on a weak wicket due to concerns over potential reductions in the earnings per share (EPS) projections for the fiscal year 2027.

A primary concern is that Dixon Technologies is still awaiting

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