Hot Stocks: Brokerage view on IndusInd Bank, Dixon Tech, AU SFB and others

July 5, 2023

Brokerage firm Jefferies has downgraded Dixon Technologies to ‘Hold’ from ‘Buy’ while raising the price target from Rs 4,350 to Rs 4,550. The global brokerage noted that the current risk-reward appears stretched post a sharp rally in the stock. EMS’s (Electronic Manufacturing Services) order book is influenced by sales budgeting by brand owners. Current weak demand poses a downside risk to the existing high-growth forecast

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