Dixon Technologies shares jumped as much as 5% to Rs 13,525, outperforming the broader Sensex index. The rally followed the Indian government's decision to expand customs duty concessions on electronics machinery and components.
These tax exemptions remain in effect until March 31, 2029. The policy covers equipment used to manufacture lithium-ion batteries, display modules, and smartphone components.
The move aims to lower import costs, improve profit margins, and stimulate new investment across the sector. As a leading domestic contract manufacturer, Dixon expects the lower input costs to support its unit economics and expansion plans.