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Kotak initiates coverage on Dixon Tech stock with 'Sell' rating, sees 21% potential downside

Dixon, an EMS player, is transitioning away from slow-growing segments and where it has a large 30 per cent-plus market share to new EMS segments, exports and component manufacturing.

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Dixon Technologies shares rallied 9% today. Can slowing demand for white goods dent stock's prospects?

Dixon Tech share price target: JM Financial has a target of Rs 4,000 on the stock; Nuvama Institutional Equities finds it worth Rs 3,865. But Emkay Global values the stock at Rs 3,403, less than Wednesday's share price of Rs 3,577.

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