Dixon Technologies (India) is primarily engaged in the manufacturing of
electronics as its core business activity. The Company designs consumer
electronics like LED lamps, mobile phones, televisions etc.On the financial health front, the company’s balance sheet looks strong with
just 0.3x debt over equity. Currently, the stock trades at 44x of its earnings
and delivers 18.2% RoE. This valuation is however, lower than its peers.
Hence, recommend BUY on the stock.

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