By Admin 
Dixon Technologies Shares: Shares of India’s top electronics manufacturing company Dixon Technologies are going through bad days these days. There was panic among investors with the ‘Sell’ rating given to the stock of brokerage firm Philip Capital. With this, a huge fall was recorded in the shares on Tuesday, 14 October. The brokerage has set a target price of Rs 9,085 per share for this, which shows a decline of 47 percent from Monday’s closing price.
Why brokerage does not trust shares?
The brokerage says that there is a risk of client concentration risk on a large scale at Diskon, that is, there is a danger of excessive dependence on customers. Motorola is the company’s biggest client, whose sales have declined in the Indian markets. In business year 2025, about 80 percent of Dixon’s mobile phone revenue came from Motorola, which dropped to 60 percent by the second quarter of 2026. In fact, domestic shipments have declined amid increasing competition with Apple and other Android brands.
This is the challenge before Diskon Technologies
In the second quarter of the business year 2026, Motorola’s sales in the Indian markets have decreased by 18 percent. The company has started making fewer mobile phones than before. This decline in mobile phone manufacturing has happened because now the company has started giving some part of its manufacturing to companies like Karbon. Apparently this has led to a decline in Dixon’s order volume.
Philip Capital also said that the company will not be able to achieve the 15 percent growth guidance for the first quarter of business year 2026. There are two reasons for this – on one hand, the orders received from Motorola are decreasing and on the other hand, the stake of companies like Longcheer and Xiaomi is increasing in the company.
The brokerage has predicted a double-digit decline in the company’s profit after tax (PAT) in the coming quarters of financial year 2026, which is currently estimated at 1,200 percent. Of the 36 analysts tracking Dixon Technologies, 27 have given a ‘buy’ rating, six have advised ‘hold’, and three have advised ‘sell’. Shares of Dixon Technologies were trading at Rs 16,499 on Tuesday, down 4.05%. The stock has fallen by about 8 percent so far this year.
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