Dixon’s HKC approval could add 5-10% to profitability, Vivo venture next trigger: IIFL

About this update from Dixon Technologies (india) Ltd.

Renu Baid Pugalia, Senior VP-Research at IIFL Institutional Equities, says Dixon’s JV approval with HKC is a positive step in its backward integration strategy for smartphones and laptops. However, she notes that the bigger trigger for the company remains approval of the proposed Vivo JV, which could significantly boost smartphone volumes and drive the next leg of earnings growth.

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