Dixon share price target 2025

Hi everyone, today we will discuss Dixon share price target 2025 to Dixon share price target 2030. We will also look at the brief history of the company, its products, fundamentals, technicals, etc. Through this study, we will try to derive the future share prices of Dixon.

Dixon Technologies

Let us look at the brief history of Dixon Technologies Ltd. before we proceed to speculate Dixon share price target 2025. Dixon Technologies is based in Noida, Uttar Pradesh, and is an electronics manufacturing company. The company manufactures products like washing machines, televisions, CCTV security systems, smartphones, LEDs, etc. for well-known companies like Samsung, Xiaomi, Philips, etc. The company was founded in the year 1993 as Weston Utilities Ltd. Dixon Technologies was listed on the Indian exchanges in the year 2017. The company has seventeen manufacturing plants. Mr. Sunil Vachani is the executive chairman of the company. The company has more than 15000 employees. The company is also into joint ventures with companies like BoAt, Bharti Airtel and Rexxam.

Fundamentals of Dixon share price

The market cap of Dixon is in excess of Rs 31k cr at the current market price. The book value of the stock is Rs 244 and the market share price is Rs 5278. The company has delivered a ROCE and ROE of 24.2% and 22.4% respectively. The median sales growth of the company over the last ten years is 15.7% and the company has delivered a CAGR of 33% over the last five years. The company has assets worth Rs 4679 cr on its books as of March 2023. The concern is that the Dixon share price is currently trading at a price-to-earnings ratio of 102, which is too high.

Technical Analysis – Dixon share price

We will look at the monthly chart of Dixon share price and try to derive some insights from the same regarding its share price movement.

Above is the monthly chart of the price movement of Dixon Technologies. The box from point A to point C is the consolidation phase of the share price. The price remained in this range for more than two years. It did try to break out of this box but couldn’t succeed, as you can observe at point B. The price finally gave a breakout at point C and started moving upwards. From the breakout price of Rs 1000 in the month of June 2020, the stock reached a high of more than Rs 6250 by the month of October 2022.

As you can see, the stock price multiplied 5 times within this short period of time. Point D is marked as the strong support and resistance area in the charts. The price has taken support, retested this level, broke down from this level, retracted and again faced resistance at this level. So this is the key level to watch out for. The price may keep consolidating near this zone before giving any decisive move in any direction later on.

Dixon share price target 2025 to 2030

Let’s look at the share price target of Dixon in the near future.

The share price of Dixon is expected to consolidate for some time and it may start its upward journey in the coming years. An investor needs to be patient in such scenarios.

Conclusion

The above blog post is written only for educational purposes. Readers are advised to consult their financial advisors before making any decision related to their investments. The blog post is in no way to influence any decisions related to readers’ finances. We are not SEBI-registered analysts. Readers who might be interested in learning more pls check the below links:

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