“Bullish on Dixon Technologies, identifying it as the primary beneficiary of India's revised Chinese investment rules (PN3 amendment). This policy shift removes business volume risks and fast-tracks Dixon's pre-built JVs, such as the HKC display module and Vivo ventures, with factories almost ready and positive numbers expected to accrue with a quarter's lag. While near-term margin expansion will be gradual, the immediate story is volume recovery and the reversal of the stock's derating due to the JV overhang. She also points to a less-discussed opportunity in grid and power equipment, where eased JV approvals could bring Chinese technology partners for localization and export.”