Dixon Tech Shares Surge on Analyst Re-rating, Attractive Valuations

• Dixon Technologies shares recovered early losses to trade 3% higher despite largely in-line Q3 results.
• Revenue and margins met expectations, while PAT significantly exceeded forecasts due to a one-off item.
• Mobile revenue grew 5% year-over-year, defying expectations of a decline, with overall margins expanding across segments.
• Analysts from JPMorgan, Nomura, and CLSA maintain 'Overweight' or 'Buy' ratings, citing growth recovery, new customer ramp-ups, and attractive valuations.
• Key catalysts include anticipated approvals for Vivo PN3 and ECMS, along with progress in backward-integration initiatives.

Why It Matters: Dixon Technologies shares surged as analysts highlighted re-rating triggers and attractive valuations despite revised guidance.