Dixon Tech Shares Plunge Over 3% as Morgan Stanley Maintains 'Underweight' Rating

• Dixon Technologies (India) shares fell over 3% after Morgan Stanley maintained an 'Underweight' rating.
• The stock declined for five consecutive sessions, down more than 9% in the period.
• Morgan Stanley set a price target of Rs 8,157 per share, citing a sharp rise in DRAM prices.
• Mobile DRAM prices for LPDDR4 and LPDDR5 increased 55% and 64% QoQ in Q1CY26, with further rises expected.
• Higher DRAM prices pose a headwind for India's smartphone market, sensitive to component cost inflation.