Shares of mobile phones components makers soared after government slashed import duty on key components used in the production of mobile phones from 15% to 10%.
Redington is currently trading at Rs. 180.90, up by 3.50 points or 1.97% from its previous closing of Rs. 177.40 on the BSE.
Amber Enterprises India is currently trading at Rs. 4501.60, up by 28.95 points or 0.65% from its previous closing of Rs. 4472.65 on the BSE.
Dixon Technologies (India) is currently trading at Rs. 5876.60, up by 13.90 points or 0.24% from its previous closing of Rs. 5862.70 on the BSE.
Moreover, these components reportedly include battery enclosures, primary lenses, rear covers, and various mechanical components made from a combination of plastic and metal. This decrease is poised to benefit the mobile phone industry, spurring growth and enhancing competitiveness globally.
| Company Name | CMP |
|---|---|
| Redington | 234.90 |
| Adani Enterprises | 2218.35 |
| Amrapali Industries | 17.53 |
| Rashi Peripheral | 455.25 |
| PDS | 301.45 |
| View more.. | |
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