Dixon Technologies stock was largely flat on July 26 after early gains, after reporting 48% YoY growth in net profit for the previous quarter. Brokerage firm Nuvama downgraded the stock post results with a target price of Rs 3,925 due to weak demand in some segments and expected margin drops. Jefferies also downgraded Dixon to 'hold' with a TP of Rs 4,550 indicating a 5% upside potential.