Dixon Tech, Tata Steel & more: Top stocks to watch on February 20
Times of India
by TOI BUSINESS DESKFebruary 20, 2026
AI-Generated Deep Dive Summary
CLSA has downgraded Dixon Technologies to "hold" from "outperform," cutting its target price to Rs 12,100 from Rs 15,800. The downgrade reflects concerns over the impact of rising memory costs on smartphone volumes, particularly in the low-end consumer segment. Analysts highlight that the global memory industry is entering a super cycle driven by AI's demand for high-bandwidth memory (HBM) and DDR5, while mainstream storage faces supply constraints and higher prices. With India heavily dependent on imports, domestic players like Dixon are vulnerable to these global trends, potentially risking medium-term growth.
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Originally published on Times of India on 2/20/2026