Dixon Technologies (India) has entered into a binding agreement to acquire a 51% stake in Kunshan Q Tech Microelectronics (India) Private Limited, the Indian entity of Q Technology (Group) Company Limited. The acquisition involves both primary and secondary investment and aims to accelerate integration and avoid delays in the smartphone business. Analysts, including Nomura, have issued buy calls with target prices reaching up to ₹21,409 per share, anticipating up to 55% value addition from the joint venture. Additionally, Dixon Technologies announced a joint venture with Chongqing Yuhai, where Dixon will hold a 74% stake and Chongqing 26%, focusing on manufacturing precision components for laptops, mobiles, IoT, and automotive sectors to support localization efforts. The company reported strong financial results for the first quarter of fiscal year 2026, with consolidated revenue rising 95.1% year-on-year to ₹12,836 crore, EBITDA increasing 94.8% to ₹483 crore, and adjusted profit after tax up 67.9% to ₹225 crore. Brokerages remain optimistic about Dixon's growth prospects, mobile business gains, and joint venture strategy, with some raising target prices to as high as ₹22,100. Meanwhile, Indian stock markets have seen positive momentum led by upbeat quarterly results from major banks such as HDFC Bank and ICICI Bank, which have lifted India's stock benchmarks. Reliance Industries also contributed to gains, while investors continue to focus on large-cap stocks amid expectations of positive earnings surprises.