PLI boost sends Dixon Technologies, Amber Enterprises stocks soaring

Shares of the two companies have rallied close to 600 per cent and 260 per cent from 2020, raising doubts over further gains

Shares of Dixon Technologies and Amber Enterprises have risen 41 per cent and 24 per cent, respectively in February, and the two stocks touched their all-time highs this past week. With this, they have risen nearly 600 per cent and 260 per cent, respectively, from their 2020 lows as investors continue to bet on their long-term growth.

While the Street sees significant long-term benefits from existing and future production-linked incentive (PLI) schemes and capacity expansio­ns that will help sustain high growth rates, the strong operational performance in the recently concluded Dece­mber quarter (Q3) boosted confidence. However, with share prices running way