Shares of Dixon Technologies rose almost 5% in profession on December 16, striking a document high of 18,815 at close, after the business revealed a JV to develop a brand-new production joint endeavor withVivo India This calculated collaboration will certainly see Dixon holding a bulk 51% risk, while Vivo India will certainly possess the continuing to be 49%. The joint endeavor is readied to accommodate Vivo’s smart device OEM demands in India and is anticipated to increase right into making various other digital gadgets for various brand names
Kiran Jani, Head Technical Research at Jainam Broking, keeps a favorable expectation on Dixon Technologies, mentioning the supply’s solid recurring rally. He suggests financiers to think about going into the supply on dips around 18,000- 18,500 and recommends a stringent quit loss at 18,000 to reduce drawback threat. According to Kiran Jani, the supply is well-positioned to attain temporary targets of 19,000- 20,000, as it continues to be resistant on day-to-day cost graphes. He stresses that Dixon’s calculated tie-up with Vivo includes a considerable development chauffeur to its organization, making it an eye-catching chance for financiers seeking consistent returns. Meanwhile, Brijesh Singh,Sr Technical Analyst at Stock Axis, keeps in mind that Dixon remains in a “circular bull run” that started in March 2023, as confirmed by its allegorical activity on once a week graphes. He highlights essential assistance degrees at 17,200 and 16,000, advising these as stop-loss degrees for tool- and long-lasting financiers, specifically. For those holding a brief- to medium-term sight of 3-6 months, Brijesh Singh establishes a target of 22,500, with assumptions that the supply can possibly get to 25,000- 30,000 for those with a 1 year perspective or longer. He additionally mentions that the solid volume-backed purchasing pattern recommends continual energy, making Dixon a durable choice for financiers happy to come through volatility.
Both experts highlight the supply’s solid technological and basic expectation, buoyed by its calculated collaboration and strong sector setting. As Dixon broadens its production capacities and records a bigger market share, it can remain to provide significant returns for financiers over both brief- and long-lasting perspectives.
