 "mobile, smartphone, manufacturing, production, phone, PLI scheme")
Dixon Technologies gained 7 per cent on Tuesday on multiple brokerage upgrades after the company’s subsidiary received approval to manufacture mobile phones under the government’s production-linked incentive (PLI) scheme. The scheme offers incentives up to 6 per cent spread over five years for an investment of Rs 200 crore.
The company is in talks with other firms to achieve volumes under the scheme. Mobile phones account for 12 per cent of its revenues and the scheme is expected to improve volumes manifold over the next couple of years. Analysts at Emkay Research believe the company’s focus will now be on customer
