Dixon Tech soars 4%: What’s fueling Nomura’s striking 29% upside bet?
Dixon Technologies' stock rose by 4% following the news of their purchase of a 51% stake in Q Tech India. This move will help the company expand its camera and fingerprint module manufacturing business. The acquisition will involve both primary and secondary investments, with the exact amount undisclosed. Nomura has reaffirmed their 'Buy' rating on Dixon and predicts a 5% increase in EPS by FY28.