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Technical Report on Dixon By Shyam Advisory

December 13, 2021

Dixon Technologies (India) Limited is the largest* home grown design-focused and
solutions company engaged in manufacturing products in the consumer durables, lighting
and mobile phones/smart phones markets in India. Their diversified product portfolio
includes (i) consumer electronics like LED TVs; (ii) home appliances like washing
machines; (iii) lighting products like LED bulbs and tubelights, downlighters; (iv)mobile
phones/smart phones; and (v) CCTV & DVRS (vi) Medical Equipment. Dixon also
provides solutions in reverse logistics i.e. repair and refurbishment services of set top
boxes, mobile phones /smart phones and LED TV panels. Dixon is the biggest
manufacturer of LED TVs in India producing TVs for the brands like Samsung,
Panasonic, Xiaomi, TCL, OnePlus and many more. They also manufacture lighting
products for companies like Philips, Havells, Syska, Bajaj, Wipro, Orient and more. They
happen to be the leading contract manufacturer of semi-automatic washing machines for
clients like Godrej, Samsung, Lloyd, Panasonic and they are also in the business of
manufacturing mobile phones and security systems.

DIXON 1 - Shyam Advisory
Technical View: The stock is near to breakout on daily chart, Structure look positive, RSI
and MACD is supporting trend, Classical Symmetrical triangle structure breakout we can
expect good move in near term.
Volume analysis:- One month averaged delivery volume fell dramatically by 0.71% which
is the caused of concern, However ; one day delivery volume increase by 64.68% over 5
day average, which show stock has potential to move upward, Hence; we recommend
“BUY’ buying range 5500- 5570 for the target of 5724, 5824 With Stop loss below 5450.
Moving Averages :-Dixon Technologies (India) Ltd. is trading higher than 5 day, 20 day,
50 day, 100 day and 200 day moving averages
5 Day 5,196.69 50 Day 5,191.18 200 Day 4,392.08
20 Day 5,237.76 100 Day 4,731.28
Shareholding pattern:-

DIXON 2 - Shyam Advisory
Promoter holding 34.93%, The Promoter holdings have decreased by -0.1%. The number
of shares held by the Promoters has decreased by -0.15%No change in pledge shares and
promoters holdings.
Key Statistics
P/E Ratio
1-Yr Return
(Best) P/E Ratio
30 DA Vol (m)
(Best) PEG Ratio
EPS (Rs.)
Shares Outstanding (cr)
Best EPS Curr (Rs.)
Price/Book Ratio
Price/Sales Ratio
Last Dividend