Dixon Technologies (India) has entered into a binding agreement to acquire a 51% stake in Q Tech India, a subsidiary of Q Technology (Group) Company Limited. The acquisition will be executed through a combination of primary and secondary investments. This move is part of Dixon's strategic expansion into camera module manufacturing, aimed at accelerating integration and reducing delays in its smartphone business. Analysts, including Nomura, have issued buy calls on Dixon Technologies, with target prices reaching up to ₹21,409 per share, anticipating up to 55% value addition from the joint venture. Additionally, Dixon Technologies has signed a binding term sheet with Chongqing Yuhai to form a joint venture in India, where Dixon will hold a 74% stake and Chongqing 26%. This JV will focus on manufacturing precision components for laptops, mobiles, IoT devices, and automotive applications, supporting localization efforts in these sectors. CLSA has maintained an 'outperform' rating on Dixon Technologies with a target price of ₹19,000 per share.