Midcap stock consumer electronics stock Dixon Technologies are in focus in Monday's session after the company in an exchange filing informed that the company's wholly owned subsidiary -  Padget Electronics is set to launch mass production of Google Pixel (Smart Phones) for Compal''s designated customer- "Google Information Services India Private Limited".

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

As per the Zee Business Research inputs, as the company takes up Google Pixel manufacturing, its revenue will increase by as much as Rs 1,500 crore.

Furthermore, the Pixel has globally sold as many as 1 crore smartphones and is expected to contribute 4 per cent in the overall smartphone sales in FY26. In the quarter ended September, the company manufactured a total of 94 lakh Google Pixel phones.

On the development, shares of the company spurted to an all-time high price of Rs 16,819.45 apiece on the BSE, rising as much as 6.42 per cent over the previous close.

While at the time of writing the copy at aorund 11:09 am, the stock was up 5.97 per cent or Rs 944.3 at Rs 16,749.4 per share. On the NSE, the stock hit an all-time high of Rs 16,824 per share.

Here is what global brokerages recommend:

Nomura remains bullish on the stock and has continued with its buy rating with a target of Rs 18,654-implying significant gains of over 18 per cent.

The brokerage held that the China +1 strategy can lead to significant long-term potential for Dixon from Google, it can potentially add Rs 15 bn of revenue, 4 per cent of FY26 smartphone sales.

Dixon Technologies share price performance

The stock over the last one year has gained over 180 per cent, while its 3-year return is at 226 per cent.