📈Technical Analysis
Dixon Technologies Ltd has shown a strong long-term uptrend since 2018, following a consistent Buy-on-Dips structure. The stock hit its All-Time High in Dec 2024, post which it corrected nearly 36%, forming a series of Lower Highs.
Currently, it's trading at ₹16,556, and today it broke the most recent Lower High, indicating a potential trend reversal. Interestingly, this technical breakout aligns with strong Q4 results, further supporting bullish sentiment.
The next key resistance lies at ₹17,000 – an earlier lower high. A breakout above this level, followed by a bullish retest, could pave the way for a fresh rally.
🎯Upside Targets:
🎯Target 1: ₹17,500
🎯Target 2: ₹18,000
🎯Target 3: ₹18,500
🛡️Key Support Levels:
₹14,000 (Minor Support)
₹12,000 (Major Demand Zone)
If these supports fail, the bullish structure may be invalidated.
💰FY24 Financial Performance (vs FY23 & FY22)
Dixon Technologies Ltd has shown a strong long-term uptrend since 2018, following a consistent Buy-on-Dips structure. The stock hit its All-Time High in Dec 2024, post which it corrected nearly 36%, forming a series of Lower Highs.
Currently, it's trading at ₹16,556, and today it broke the most recent Lower High, indicating a potential trend reversal. Interestingly, this technical breakout aligns with strong Q4 results, further supporting bullish sentiment.
The next key resistance lies at ₹17,000 – an earlier lower high. A breakout above this level, followed by a bullish retest, could pave the way for a fresh rally.
🎯Upside Targets:
🎯Target 1: ₹17,500
🎯Target 2: ₹18,000
🎯Target 3: ₹18,500
🛡️Key Support Levels:
₹14,000 (Minor Support)
₹12,000 (Major Demand Zone)
If these supports fail, the bullish structure may be invalidated.
💰FY24 Financial Performance (vs FY23 & FY22)
- Total Income: ₹38,860 Cr (↑ +120% vs ₹17,691 Cr; ↑ +219% vs ₹12,192 Cr)
- Total Expenses: ₹37,353 Cr (↑ +120% vs ₹16,988 Cr; ↑ +215% vs ₹11,873 Cr)
- Financing Profit: ₹1,508 Cr (↑ +114% vs ₹705 Cr; ↑ +190% vs ₹519 Cr)
- Profit Before Tax: ₹1,570 Cr (↑ +218% vs ₹494 Cr; ↑ +355% vs ₹345 Cr)
- Profit After Tax: ₹1,233 Cr (↑ +228% vs ₹375 Cr; ↑ +384% vs ₹255 Cr)
- EPS: ₹181.87 (↑ +196% vs ₹61.47; ↑ +325% vs ₹42.90)
📌Exceptional growth across all metrics indicates robust demand, streamlined costs, and successful scaling.
🔍Fundamental StrengthsCAGR & Profitability: 45%+ revenue CAGR over 5 years, with ROE ~28%
FY25 Estimates: Revenue at ₹38,860 Cr (+120%) and PAT at ₹1,100 Cr (+198%)
Q4 Highlights: PAT jumped 322% YoY to ₹401 Cr on a 121% surge in revenue to ₹10,293 Cr
Financial Discipline: Minimal debt (total debt/ equity ~0.07), strong cash flows, and high asset turnover
Operational Scale: 17 manufacturing units; JV with Vivo in Dec 2024 indicates strategy expansion
✅Conclusion
Dixon is showing a compelling technical breakout, backed by outstanding FY24 and Q4 results. Uptick above ₹17,000 with solid support suggests continuation toward ₹18,500. Strong fundamentals reinforce medium‑term potential, but critical stops at ₹14,000 and ₹12,000 should be respected.
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Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.