External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Dixon Technologies India Ltd / Equity Bottom-Up

<ul><li>Dixon Technologies’ (DIXON) recent tie-ups and MoU with HP and Asus for the production of PCs, notebooks, and laptops under IT hardware PLI 2.0 augur well for scaling up its IT hardware revenues from current levels.</li><li>With these tie-ups, the company is now catering to 4 out of the top 5 players in laptops.</li><li>These players form nearly 67% of the overall IT hardware market share in India.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dixon Technologies’ (DIXON) recent tie-ups and MoU with HP and Asus for the production of PCs, notebooks, and laptops under IT hardware PLI 2.0 augur well for scaling up its IT hardware revenues from current levels.With these tie-ups, the company is now catering to 4 out of the top 5 players in laptops.These players form nearly 67% of the overall IT hardware market share in India.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul>
<li>Being a key beneficiary of the government’s most successful PLI scheme, the Dixon Technologies (Dixon) stock price has nearly doubled over the past 6M, led by accelerated growth momentum seen in the mobile segment (HSIE: c.22x over FY20)</li>
<li>Staying true to their DNA, Dixon’s mobile capacity (45 million smartphones/40 million feature phones) can cater to 50% of the opportunity pool</li>
<li>Moreover, their agreement with HKC Corporation to manufacture display modules will further deepen value addition (c.10% of BoM), ensuring customer stickiness</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


Being a key beneficiary of the government’s most successful PLI scheme, the Dixon Technologies (Dixon) stock price has nearly doubled over the past 6M, led by accelerated growth momentum seen in the mobile segment (HSIE: c.22x over FY20)
Staying true to their DNA, Dixon’s mobile capacity (45 million smartphones/40 million feature phones) can cater to 50% of the opportunity pool
Moreover, their agreement with HKC Corporation to manufacture display modules will further deepen value addition (c.10% of BoM), ensuring customer stickiness

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dixon Technologies: Opulently Valued, Downgrade to REDUCE

<ul><li>Dixon’s mobile division continued to drive overall topline growth as it doubled in revenues both in Q4 and FY24</li><li>Post the acquisition of a controlling stake in Ismartu (Itel, Infinix, Techno) and partnership with Longcheer (BBK Group brands – Realme, Oppo, Vivo, etc), Dixon now caters to almost all the top 6 brands within the country</li><li>With Dixon having expanded its Smartphone/Feature phone capacity to 45mn/40mn units (50% of India’s opportunity) coupled with a ramp of volumes with existing customers and new customer addition, we expect the momentum in the mobile division to sustain</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dixon’s mobile division continued to drive overall topline growth as it doubled in revenues both in Q4 and FY24Post the acquisition of a controlling stake in Ismartu (Itel, Infinix, Techno) and partnership with Longcheer (BBK Group brands – Realme, Oppo, Vivo, etc), Dixon now caters to almost all the top 6 brands within the countryWith Dixon having expanded its Smartphone/Feature phone capacity to 45mn/40mn units (50% of India’s opportunity) coupled with a ramp of volumes with existing customers and new customer addition, we expect the momentum in the mobile division to sustainContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dixon Technologies (Q4FY24): Accelerated Growth Momentum to Sustain. Maintain ADD

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>The company’s revenue grew by 100% YoY to Rs 4,818 Cr, 5% above our estimates.</li><li>The growth was backed by robust growth in the mobile &amp; EMS segment, which grew by 251% YoY to Rs 3,214 Cr.</li><li>The Consumer Electronics segment witnessed a moderate growth of 8% YoY to Rs 929Cr. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The company’s revenue grew by 100% YoY to Rs 4,818 Cr, 5% above our estimates.The growth was backed by robust growth in the mobile &amp; EMS segment, which grew by 251% YoY to Rs 3,214 Cr.The Consumer Electronics segment witnessed a moderate growth of 8% YoY to Rs 929Cr. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dixon Technolog. - Steady Growth Momentum Backed by Mobile Business & Customer Addition

Thematic (Sector/Industry)

<ul><li>TVS Motor: TVS Motors’ Q2 PAT at INR 6.6bn (+24% YoY/+12% QoQ) was marginally lower than our estimates</li><li>Higher investments in digital, brand building and R&amp;D led to higher other expenses YoY and higher depreciation</li><li>Q2 was a subdued quarter, in line with expectations</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

TVS Motor: TVS Motors’ Q2 PAT at INR 6.6bn (+24% YoY/+12% QoQ) was marginally lower than our estimatesHigher investments in digital, brand building and R&amp;D led to higher other expenses YoY and higher depreciationQ2 was a subdued quarter, in line with expectationsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HSIE Results Daily: TVS Motor, IndusInd Bank, Dixon Technologies, Petronet LNG, Metro Brands

India

Dixon Technologies (India) Limited manufactures consumer durables, lighting products, and mobile phones. The Company offers LED TVs, washing machines, LED and CFL bulbs and tubelights, and downlighters, as well as provides repair and refurbishment services of set top boxes, mobile phones, and LED TV panels. Dixon Technologies operates in India.

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Dixon Technologies India Ltd (DIXON IN)

Dixon Technologies - Moving on Track

Dixon Technologies’ (DIXON) recent tie-ups and MoU with HP and Asus for the production of PCs, notebooks, and laptops under IT hardware PLI 2.0 augur

Motilal Oswal

Dixon Technologies: Opulently Valued, Downgrade to REDUCE

taying true to their DNA, Dixon’s mobile capacity (45 million smartphones/40 million feature phones) can cater to 50% of the opportunity pool.

HDFC Securities

Dixon Technologies (Q4FY24): Accelerated Growth Momentum to Sustain. Maintain ADD

With Dixon having expanded its Smartphone/Feature phone capacity to 45mn/40mn units (50% of India’s opportunity) coupled with a ramp of volumes

HDFC Securities

Dixon Technolog. - Steady Growth Momentum Backed by Mobile Business & Customer Addition

The company’s revenue grew by 100% YoY to Rs 4,818 Cr, 5% above our estimates.The growth was backed by robust growth in the mobile & EMS segment,...

Axis Direct

HSIE Results Daily: TVS Motor, IndusInd Bank, Dixon Technologies, Petronet LNG, Metro Brands

TVS Motor: TVS Motors’ Q2 PAT at INR 6.6bn (+24% YoY/+12% QoQ) was marginally lower than our estimates. Higher investments in digital, brand...

HDFC Securities

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