Phillip Capital flags growth risks for Dixon Tech amid rising competition; lowers target price to ₹9085

Dixon Technologies shares fell 2.5% to ₹14,585 as Phillip Capital downgraded estimates due to rising competition, particularly from Karbonn, which is increasing its share of Motorola's outsourcing. The brokerage revised Dixon's FY27 revenue estimates down by 4% amid intensifying competition.

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