Dixon Technologies' shares plummeted to a 16-month low, down 4 percent to Rs 11,821, marking a 33 percent year-to-date loss. This decline is attributed to investor concerns over potential FY27 earnings per share cuts and a bearish outlook from Morgan Stanley, which cited growth uncertainty due to extended IT hardware import norms. Morgan Stanley maintained an 'Underweight' rating, questioning Dixon's revenue guidance. Conversely, CLSA reiterated an 'Outperform' rating, citing potential growth drivers like pending JV approvals.