Shares of Dixon Technologies India surged sharply in Sunday’s session after key announcements in Union Budget 2026 boosted sentiment around the domestic electronics manufacturing space.
As of 11:20 AM IST, Dixon Technologies shares were trading at Rs 10,912, up 5.56%, gaining Rs 575 from the previous close of Rs 10,337. The stock opened strong and moved within a day’s range of Rs 9,835 to Rs 10,843, reflecting heightened volatility following the Budget announcement.
The rally comes after the finance minister announced an electronics components manufacturing plan with an outlay of Rs 400 billion, aimed at strengthening India’s electronics supply chain and boosting domestic value addition. Companies with established contract manufacturing and component capabilities, such as Dixon, were immediately in focus following the announcement.
At current levels, Dixon Technologies commands a market capitalisation of about Rs 66,451 crore, with an average traded volume of around 6.7 lakh shares. The stock trades at a price-to-earnings ratio of 42.82, while the dividend yield remains modest at 0.07%. Over the past year, the stock has traded between Rs 9,835 and Rs 18,471.
Market participants are now awaiting further clarity on the structure, incentives, and eligibility norms of the proposed electronics components manufacturing scheme, which is expected to be detailed in subsequent Budget documents and policy notifications.
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