Dixon Tech Shares Plummet to 18-Month Low, Market Cap Dips Below ₹70,000 Crore

• Dixon Technologies Ltd. shares fell over 5% on Tuesday, January 13, marking the third consecutive session of losses.
• The stock has reached its lowest level since June 2024, declining over 40% from its 52-week high of ₹18,471.
• Dixon's market capitalisation has slipped below the ₹70,000 crore mark due to the recent fall.
• HSBC maintained a "buy" rating but cut its price target to ₹15,500, citing concerns over memory prices, JV approvals, and mobile PLI expiry.
• Investec maintained a bullish stance with a price target of ₹18,900, while 27 out of 35 analysts recommend "buy".

Why It Matters: Dixon Tech shares hit an 18-month low, impacting market cap, despite mixed analyst ratings.