Dixon Technologies Share Price Slides 5% to 52-Week Low; Should You Buy or Sell This Stock? Know Experts' View

Shares of Dixon Technologies Ltd. fell more than 5 percent on Tuesday, January 13, extending losses for the third consecutive trading session. With the latest decline, the stock has slipped to its lowest level since June 2024, reflecting sustained selling pressure in recent weeks.

From its 52-week high of Rs 18,471, Dixon Technologies' stock has now corrected by over 40 per cent. The sharp fall has also dragged the company's market capitalisation below the Rs 70,000 crore mark, highlighting the severity of the recent downturn.

Dixon Technologies Share Price Today

Shares of Dixon Technologies (India) Ltd witnessed a sharp decline in Tuesday's trading session on January 13, with the stock trading significantly lower by mid-afternoon. As of 3:13 pm, Dixon Technologies was quoted at Rs 11,235 on the NSE, down Rs 607, or 5.13 per cent.

The stock opened the session at Rs 11,950 and briefly moved higher to an intraday high of Rs 11,964. However, strong selling emerged soon after, dragging the share price to an intraday low of Rs 11,180, which also marks its 52-week low.

Dixon Tech Stock Performance Remains Weak in Early 2026

So far in 2026, Dixon Technologies has declined in six out of nine trading sessions, underperforming broader market indices. On Tuesday, the stock was trading around Rs 11,254, down nearly 5 per cent, making it the top loser on the Nifty 500 index.

Should You Buy, Hold or Sell Dixon Tech Share? Check Brokerage's Recommendation

Brokerage firm HSBC maintained its 'Buy' rating on Dixon Technologies on Monday but sharply cut its price target to Rs 15,500 from Rs 19,600 earlier. In its note, HSBC cited several near-term headwinds, including a surge in memory prices, delays in joint venture approvals, and concerns around the expiry of mobile PLI incentives, which could weigh on the company's performance.

HSBC also expects a subdued third quarter, noting the absence of any major growth triggers during the period. As a result, the brokerage reduced its earnings estimates for FY26-FY28 by 3 to 5 per cent and lowered its target price-to-earnings multiple to 50 times.

In contrast, Investec maintained a bullish stance on Dixon Technologies in its note released on Tuesday, assigning a higher price target of Rs 18,900, indicating confidence in the company's long-term growth prospects.

According to a CNBC-TV18 report, Dixon Technologies is currently tracked by 35 analysts. Of these, 27 analysts have a 'Buy' rating, two recommend 'Hold', while six have a 'Sell' rating, indicating mixed sentiment but a broadly positive long-term outlook.

Dixon Q2FY26 Results Highlight Strong Earnings Growth

Despite recent stock market weakness, Dixon Technologies reported a strong financial performance in Q2FY26. The company's net profit surged 81 percent year-on-year to Rs 746 crore for the September quarter, driven by a steady ramp-up in new contracts across key segments such as mobile phones, wearables and electronic products.

Revenue for the July-September quarter grew 33 percent year-on-year to Rs 15,351 crore, reflecting robust execution across business lines. The mobiles, wearables, telecom and IT hardware segment, which contributes nearly 90 percent of the company's total revenue, recorded a 41 percent year-on-year growth to Rs 13,361 crore and contributed Rs 472 crore to operating margins during the quarter.

Dixon Technologies also disclosed that it has applied for government incentives under the components scheme and plans to invest nearly Rs 3,000 crore over the next two to three years to strengthen its components manufacturing business.