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Mobile components makers’ stocks gain as govt cuts import duty on mobile phone parts to 10%

31 Jan 2024 Evaluate

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. 

Redington Share Price

234.90 6.90 (3.03%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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