Diwali Top Picks: As Diwali is coming closer, market experts are also busy preparing the list of Diwali Top Picks. Centrum Broking has released the list of its 10 favorite stocks for Diwali. The brokerage says that investors will continue to get returns ranging from 18 percent to 31 percent from these shares for the next one year. These shares belong to many different sectors like manufacturing, banking and automobile. Let’s take a look at this list-

Dixon Technologies

Dixon Technologies is among the favorite stocks of Centrum Broking. Its order book is strong, hence it is indicating 15 percent volume growth in the second quarter of the business year 2026. Considering the company’s fast growing consumer electronics business and its performance, it can be bought at a valuation of 67 times its Q2FY28E TTM EPS. Its target price is Rs 21,574, which is about 25 percent more than the current price.

Cholamandalam Investments

Cholamandalam Investment and Finance Company (CIFC) will be able to overcome its challenges in the second quarter of 2026 and follow the path shown by the management, maintain 20 percent CAGR and increase NIM by about 15 basis points. The share price is 4.5 times its book value of Rs 430 as of Q2FY28.

Azad Engineering

Centrum Broking has given it a target price of Rs 2,145. It has a strong order book of Rs 6000 crore, reflecting a 10x book-to-bill ratio for FY27. Margins are continuously increasing at both EBITDA and PAT levels, and capacity is also increasing rapidly. Its target price is about 25 percent more than the current price.

Canara Bank

Non-Performing Assets (NPAs) of Canara Bank have been continuously declining for the last three years and NIMs are stable at around 2.4 percent level. NIMs will gradually improve to the level of 2.7-2.8 percent between the business year 2027-28. This stock is considered good at a valuation of 1.2 times FY27E ABV. Its target price is Rs 151.

Syrma SGS Technology

There is going to be 30 percent CAGR growth in its operational revenue in the next two years. Profit after tax margin is expected to remain stable at around 7 percent. With the margins of the PCB business also increasing, the company’s value is equal to 45 times the earnings per share (EPS) of 23 FY27.

Apart from these, shares of companies like Nykaa, Swiggy, KEI Industries, Bajaj Auto and Bharat Electronics are also in the list.

Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)

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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.

(The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)

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Dixon technologies share: The Indian stock market started rapidly on 27 June today. Both Sensex and Nifty are open with an edge. Out of 30 companies of Sensx, 27 companies opened shares on the green mark.

Shares of 46 out of Nifty 50 also opened up on green mark. Amidst this beauty that returned to the stock market, Dixon Technologies Limited is trading at Rs 14,950 with a gain of over 4 percent, which is Rs 620 more than the previous closed price of Rs 14321.20.

Brokerage gave a target of 21409

The rating of brokerage firm Nomura is a rating behind this boom in Dixon’s shares. Nomura not only retained its rating of ‘buy’ on Dixon’s stock, but also increased its target price to 21,409.

Brokerage says that India’s mobile electronics manufacturing service (EMS) industry may increase the participation of some large companies like Dixon, DBG Technology (China), Bhagwati (Unlisted), BYD (Hong Kong), UTL Neolink (Unlisted) and Tata Electronics (Unlisted). Among them, Dixon is expected to have the largest market share.

What does the company do?

Nomura also said that the partnership with Dixon’s lalonger for original design manufacturing (ODM) makes it more reliable to customers. The number of new customers has increased rapidly compared to other companies in Dixon.

The list of Customers of Discon Technology includes large companies like Samsung, Xiaomi, Google, Nokia (HMD Global), Oppo, Panasonic, Boat, Philips and LG. Together with Dixon, these companies make all electronic devices such as television, smartphone, set top box, etc. Since the number of customers of Dixon is large, the risk of more damage to the company is less in case of low demand from one of these.

Focus on products export too

Between March-May 2025, Dixon exported 4 times more products with Transian (Infinix, Tecno, ITEL) and Motorola. Let us know that in collaboration with Transian, Dixon makes smartphones for many companies like Motorola, Google Pixel and also aims to export more and more units.

Nomura says that Motorola, which sells about 10 million units in the US, is mainly sourced from China. Due to Trump’s tariff policy, its manufacturing base may shift to India, which will benefit India’s local mobile electronics manufacturing service (EMS) industry.

The results of the company’s march quarter were also excellent. In the March quarter of FY25, Dixon Tech’s net profit rose four times to Rs 464.95 crore. The company’s operational revenue stood at Rs 10,292.54.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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Many big market experts have predicted about how India can be rich with the tariff of Trump. They believe that after the interaction on the bilateral trade agreement between India and the US, the business is going to be encouraged at the domestic level after the sealing of it. CEOs of several companies including Blue Star, Tata Consumer Products, Arvind and Dixon Technologies believe that the Indian business is going to be very competitive despite the tariff of Trump.

Export will increase tremendously

After the results of Dixon last week, the company’s managing director Atul Lal said that the company is going to expand its capacity to about 50 percent of its capacity to fulfill its already booked order. A large part of it will be exported to North America. However, he has not named any company or brand. It is believed that the main customer of this company is Motorola, who exports the handset in America. Also, the American brand is Google’s pixel.

In an Economic Times report last month, it was reported that Google wants to import its handset to America. However, the kind of apple and Samsung on behalf of US President Trump is being asked to produce in the US or fears of imposing 25 percent tariffs. In the midst of all this, experts believe that even after applying additional tariffs, it will be more cheaper to them to import from India.

Stretch moving towards India

In the same way, Apparel company Arvind and Gokaldas Exports have kept an optimistic attitude towards the market. Arvind’s Vice President Puneet Lalabhai says that the company is giving a huge bounce in the volume order from many of its American customers. Whereas, CEO of Tata Consumer Products, one of the FMCG leader, Anil D’Souza, since America does not have products like tea, coffee, he will remain on par but in terms of competitor. Whereas Haveld has recently sent the American of Made in India recently and said that India is going to benefit a lot from the trade agreement between the two countries.

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