Hold Dixon Technologies, target price Rs 4500: ICICI Securities

ICICI Securities has hold call on Dixon Technologies (India) Ltd. with a target price of Rs 4500. The current market price of Dixon Technologies (India) is Rs 4318.95.

Time period given by analyst is one year when Dixon Technologies (India) Ltd. price can reach defined target.
Dixon Technologies (India) Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 25658.86 Crore) operating in Consumer Durables sector.


Dixon Technologies (India) Ltd. key Products/Revenue Segments include Domestic Appliances, Job Work, Rent, Service Charges, Export Incentives for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 3073.92 Crore, up 9.60 % from last quarter Total Income of Rs 2804.73 Crore and up 40.82 % from last year same quarter Total Income of Rs 2182.92 Crore. Company reported net profit after tax of Rs 46.38 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 34.52 per cent stake in the company as of 31-Dec-2021, while FIIs owned 18.51 per cent, DIIs 7.6 per cent.