Shares of Dixon Technologies rallied as much as 7% to their day’s high of Rs 14,680 on the BSE on Thursday after the Union Cabinet approved the Rs 1.27 lakh crore second phase of the India Semiconductor Mission (ISM) and a new Rs 62,500 crore Mobile Phone Manufacturing Scheme (MPMS).
The government will release the administrative notification for both schemes within the next fortnight, electronics and information technology minister Ashwini Vaishnaw said.
