Electronic manufacturing company Dixon Technologies released its third quarter results after the market closed on Monday. As soon as the market opened on Tuesday, a huge sell-off was seen in this stock. During the initial trading, the stock was seen trading with a slippage of more than 11%. Before the results on Monday, Dixon Technologies closed at ₹ 17,520.50 per share with a gain of about two and a quarter percent.

After the December quarter results, today many brokerage firms have revised their ratings and target prices by issuing notes on this stock. The brokerage firms' view on the stock seems mixed. Growth in mobile business -  During the December quarter, Dixon Tech has achieved 190% growth in mobile business. The contribution of mobile business to the company's total income has now increased to 90%. In the third quarter, the company's results on most parameters have been as per estimates. Target price on stock 28% down Global brokerage firm Jefferies has set an Underperform rating on Dixon Tech in a report . The brokerage firm has set a target price of ₹ 12,600 per share on this stock. This target is about 28% lower than Monday's closing price . Jefferies said in this report that mobile PLI is ending in the year 2026. Consumer electronic sales have declined by 32% on a year-on-year basis. Dixon Tech's one-year forward P/E is 107x (valuation), which now looks expensive in terms of risk-reward. This is the reason why Jefferies has given an underperform opinion on this stock. CLSA's bullish view On the other hand, another brokerage firm CLSA has set a target price of ₹ 18,800 per share on the stock with an Outperfrom rating after the December quarter results . This brokerage firm said that the mobile segment will give the biggest growth for Dixon Tech in the medium term. CLSA expects that during the financial year 2024 - 27, Dixon Tech's revenue will grow by 59%, EBITDA (working profit) by 58% and profit by 67% CAGR. Dixon Tech is included in the coverage list of 31 analysts. Out of this, 16 analysts have set a Buy rating on the stock. At the same time, 6 have set a Hold rating on the stock. Whereas, the remaining 9 analysts have given Sell opinion on the stock. This stock was able to climb up to 174% in 2024.