India's Dixon Technologies falls after missing quarterly PAT estimates

About this update from Dixon Technologies (india) Ltd.

** Shares of India's Dixon Technologies NSE:DIXON fall 2.7% to 16,256 rupees** Electronics components manufacturer reports PAT of 7.46 billion rupees ($84.87 million), 81% higher year-on-year** While mobile and EMS segment revenue has increased 6%, revenue from its consumer appliances and home appliances segment has fallen 6% and 1%, respectively** Co missed street estimates on PAT by 13% due to an increase in minority interest in its Ismartu and Bharti subsidiary, Phillip Capital said** Phillip Capital ("Sell") forecasts a more challenging H2, says exports to be muted, with clients purchasing ahead of U.S. tariff imposition** Stock rated "Buy" on average; median PT at 18,395 rupees - LSEG data** YTD stock down 8.41%($1 = 87.8950 Indian rupees)

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