Investec has maintained a 'Buy' rating on Dixon Technologies, anticipating significant pick-up in mobile exports from FY28 aided by PLI 2.0.

Dixon Technologies is set to operationalise a manufacturing joint venture with Taiwan's Inventec Corp for laptops, servers, desktops, and related components, and has also signed a binding term sheet with Taiwan's Gemtek Technology for a joint venture in telecom products.

Dixon Technologies is reportedly close to receiving government approval for its joint venture with Vivo, with the approval letter process in its final stages after clearance from the Inter-Ministerial Group.

Dixon Technologies reported an operating margin of 3.4 in FY26, earning two-thirds of its revenue from smartphone assembly, but its shares have declined 21 in the past 12 months amid concerns over the industry's growth prospects.

Dixon Technologies reported a high double-digit increase in orders and is optimistic about the festive season, with production ramping up to meet demand.