HSBC maintains Buy on Dixon Tech with ₹16,000 target, citing mobile-phone PLI incentives.
PLI benefits are limited to eligible sales but remain positive due to component-level incentives.
JPM maintains Overweight on Dixon Tech with ₹16,400 target driven by export-led incentives.
India’s ₹625bn Mobile Scheme aids Dixon via 0.6% local-sourcing benefits and module scaling.