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Dixon Technologies shares: UBS upgraded the stock to a Buy with a 23,000 target, implying ~27% upside. UBS highlighted Dixons expansion into non-semiconductor smartphone components, expecting EBITDA margins to rise 110 bps by FY28, outperforming consensus estimates.
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Citi has re-initiated coverage on State Bank of India (SBI) with a Buy rating and a target price of Rs 1,050, citing strong credit growth, improved returns, and operational efficiencies. The brokerage expects FY26FY27 loan growth of 1314%, NIMs of 2.82.9%, and ROE of 1415%. Risks include asset slippages, lower NIMs, and higher credit costs.
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Gold futures eased 0.14% to 1,12,400/10g on MCX Thursday after a strong rally, while silver gained 0.26% to 1,34,355/kg. Globally, gold held steady ahead of U.S. economic data, supported by a weaker dollar.
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