Dixon Technologies has achieved impressive results in the second quarter, with a 100% year-on-year increase in revenue for the second consecutive quarter. This growth was primarily driven by the Mobile & EMS segment.

The company's strong performance is supported by factors such as the China plus strategy and protective measures for the tyre industry. Despite this success, the stock is currently trading at a high valuation of 77 times FY26 earnings.

The IT hardware segment is expected to contribute to revenue from FY27, and the company has also started producing refrigerators. While the lighting sector is showing signs of recovery, challenges remain in the consumer electronics market.

Dixon Technologies has a market capitalization of ₹90,176 crore and is rated as underweight.