154% Rise in 1 Year: Dixon Tech races to 52-week high after inking deal with HKC Corporation; here's what analyst says

Dixon Tech Share Price: Dixon Tech hit a 52-week high of Rs 10,085.00 on BSE on Friday (June 7, 2024) after the large-cap firm signed a joint venture agreement with HKC Corporation Ltd to sell its brands in India.

The stock that closed at Rs 9,762.35 on Thursday rose by 3.31 per cent to hit a 52-week high.

Dixon Tech shares that started trading at Rs 9,950.00 each were trading up by 2.84 per cent, or Rs 277.15 at Rs 10,039.50 apiece at 9:40 am on Thursday.

Dixon Tech is a multibagger large-cap stock with a 154 per cent return in a year.  

Dixon Tech's agreement with HKC Corporation Limited is for manufacturing liquid crystal modules.

Along with manufacturing of liquid crystal display modules, Dixon Tech will also assemble smartphones, TVs, and monitors.

Analyst's target price for Dixon Tech 

Zee Business analyst Varun Dubey has given a 'buy' call on Dixon Tech with a target price of Rs 10,100 and stop loss at Rs 9,750.