Indian electronics products makers rise on government nod to PLI scheme

Dixon Technologies DIXO.NS, Kaynes Technology KAYN.NS and Amber Enterprises AMBE.NS rise 7.5%, 5% and 5.8%, respectively

Indian government approves production-linked incentive (PLI) scheme for electronics components, with a 229 bln-rupee ($2.66 bln) outlay

Scheme offers turnover-linked, capex-linked and hybrid incentives

JM Financial says DIXO, KAYN, AMBE likely to benefit from scheme

YTD, DIXO, KAYN, AMBE down ~26%, ~35% and ~16%, respectively

($1 = 86.0200 Indian rupees)

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