Dixon Technologies share price jumps 3% after govt clears Vivo India JV; should you buy the stock?

Dixon Technologies shares rose over 3% after the government approved its 51:49 joint venture with Vivo Mobile India for smartphone manufacturing, removing a long-pending overhang. Brokerages Emkay Global and Motilal Oswal raised their target prices to Rs 15,200 and Rs 16,100 respectively, citing EPS upgrades of 14% and 17% for FY27 and FY28 from incremental Vivo volumes starting Q3FY27. Both retained Buy ratings, with Vivo's around 23% smartphone market share expected to drive volumes of 45 million and 55 million units in FY27 and FY28 through the JV.