DIXON.NS Stock Today, December 30: 16-Month Low on Policy Headwinds
Dixon Technologies share price slid to a fresh 16‑month low on December 30, with DIXON.NS down 4.49% to ₹11,774. The drop extends a six‑session slide and leaves the stock roughly 33% lower in 2025. Sentiment is weak on concerns that India’s IT hardware import norms extended to end‑2026 may slow localization gains. Investors are also tracking the pending Vivo JV for a turnaround trigger. We break down price action, key levels, policy impact, and what could shape the next move.
Price, volume and trend on December 30
Dixon Technologies share price opened at ₹11,880, hit a high of ₹12,026, and slipped to ₹11,646 before settling near ₹11,774, down ₹554 or 4.49%. Turnover was heavy, with 9,10,972 shares against a 3,35,687 average, signaling distribution. The move undercut the prior 52‑week low of ₹11,821 and keeps the stock well below the 50‑DMA at ₹14,600.9.
The setup remains weak. RSI is 31.01, near oversold, with ADX at 49.85 showing a strong downtrend. Price sits below the lower Bollinger Band at ₹12,261, flagging stretched conditions. ATR is ₹478, indicating wide daily swings. The 200‑DMA at ₹15,573.6 is far above, so any rebound must clear ₹12,300‑₹12,600 first to ease pressure.
Policy overhang: IT hardware import norms
Dixon Technologies share price reflects worry that extended IT hardware import norms till end‑2026 may slow the pace of domestic value addition. With imports staying easier for longer, pricing power and margin expansion for EMS players could be tempered. This does not change long‑term localisation, but it can cap near‑term operating leverage and delay premiumisation.
We will watch for clarity on implementation timelines, any tweaks to import licensing, and updates around production‑linked incentive schedules. Dixon Technologies share price could stabilise if management reiterates FY26‑FY27 growth visibility and gives a firmer roadmap on mix improvement in laptops, tablets, and IT products, alongside a clearer localization plan despite the norms extension.
Earnings, valuation and balance sheet
At ₹11,774, the TTM P-E is 46.02, price to sales is 1.53, and price to book is 18.28. Dividend per share is ₹8, implying a 0.07% yield. ROE stands at 44.96% TTM. Dixon Technologies share price is not cheap on earnings, so delivery on mix shift and capacity utilization remains key to justify multiples.
Net margin is 3.03% TTM, with interest coverage of 15.84. Current ratio is 1.01 and debt to equity is 0.34. Free cash flow yield is about 0.60%. Working capital stands at roughly ₹132 crore. Dixon Technologies share price will react to any improvement in cash conversion, now at a healthy negative 5.45 days.
Catalysts: Vivo JV and FY27 EPS path
A decision on the pending Vivo JV remains a visible catalyst. A green light could lift utilization and mix in higher value smartphone lines. Conversely, delays would keep sentiment cautious. Dixon Technologies share price needs a firm capacity outlook and customer pipeline updates to offset policy worries and reignite interest from growth investors.
Street focus is on the FY27 EPS outlook, which looks softer. The company’s next earnings are due on 4 Feb 2026. We will look for commentary on import norms, order flow in IT hardware, and smartphone volumes. Any guidance upgrade could help Dixon Technologies share price reclaim the ₹12,300‑₹12,600 zone.
Final Thoughts
Dixon Technologies share price is under pressure near ₹11,774 after a six‑day fall and a 16‑month low. Technically, momentum is weak, yet near‑oversold readings and a break below the lower Bollinger Band point to a possible short‑term bounce. Fundamentally, the extended IT hardware import norms keep a lid on near‑term margin upside, while valuation at a 46.02 P-E still demands strong execution. Near term, we would track ₹11,600 as support and ₹12,300‑₹12,600 as the first supply zone. Medium term, updates on the Vivo JV, IT hardware order visibility, and FY27 guidance will likely drive direction. Position sizing and stop losses are essential until policy clarity improves.
FAQs
The stock dropped 4.49% to ₹11,774 after hitting ₹11,646 intraday. Heavy volume and a strong downtrend amplified the move. Worries about India extending IT hardware import norms to end‑2026, a softer FY27 EPS outlook, and lack of immediate catalysts weighed on sentiment and extended a six‑session slide.
Yes. The share undercut its previous 52‑week low of ₹11,821, touching ₹11,646 intraday on December 30. This confirms a fresh 16‑month low. For stability, the stock needs to reclaim ₹12,300‑₹12,600 and hold above the lower Bollinger Band near ₹12,261 for several sessions.
Support sits near ₹11,600. Resistance lines up at ₹12,300‑₹12,600, then the 50‑DMA around ₹14,601. The 200‑DMA near ₹15,574 is a major hurdle. RSI at 31 signals near‑oversold, but ADX near 50 shows a strong trend, so risk control is critical.
The extension to end‑2026 can slow localization benefits, limiting near‑term margin expansion for EMS players. It may delay pricing power gains in laptops and tablets. Clear guidance on mix, capacity, and PLI‑linked execution could offset the drag and support the Dixon Technologies share price.
The next earnings are due on 4 Feb 2026. We will track management’s view on the import norms, smartphone order flow including any Vivo JV update, cash conversion, and FY27 margin guidance. Any positive surprise here could help the Dixon Technologies share price recover.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
