Dixon Technologies Shares Plunge Below ₹10,000 Mark Amidst Continuous Selling Pressure

• Dixon Technologies shares fell below ₹10,000 intraday for the first time since June 2024 on January 27, extending a five-day losing streak.
• The stock is down approximately 44% from its 52-week high of ₹18,471, pushing its market capitalization towards ₹60,000 crore.
• Morgan Stanley maintains an 'Underweight' rating, cutting its price target by 25% to ₹8,724, implying a further 15% downside.
• Brokerage flags risks like rising DRAM prices, regulatory delays, and increased competition post-mobile PLI scheme expiry.
• Despite 26 out of 34 analysts having a 'Buy' rating, Morgan Stanley and Phillip Capital have the lowest price targets below ₹10,000.

Why It Matters: Dixon Technologies shares are under significant selling pressure, with brokerages forecasting further downside.