This micro-cap, low-priced stock selected under PLI scheme; Company deals in IT & IT Peripherals
The stock is trading at Rs 87, which is a micro-cap with a market capitalization of Rs 106 crore. Year to date, the stock price has generated 46.13 per cent of returns for its investors.
Panache DigiLife Limited has been selected under the Production Linked Incentive (PLI) Scheme 2.0 for IT Hardware by the Ministry of Electronics and Information Technology (MeitY).
The PLI Scheme 2.0 for IT Hardware is expected to result in broadening and deepening of the manufacturing ecosystem by encouraging the localisation of components and sub-assemblies and allowing for a longer duration to develop the supply chain within the country. Additionally, the scheme provides increased flexibility and options for applicants, and is tied to incremental sales and investment thresholds to further incentivise growth. Furthermore, semiconductor design, IC manufacturing, and packaging are also included as incentivised components of the PLI Scheme 2.0 for IT Hardware.
Panache is a leading provider of IT hardware solutions in India. The company has a strong track record of innovation and a commitment to providing its customers with high-quality products and services. Panache is confident that it will be able to meet the requirements of the PLI Scheme 2.0 and contribute to the growth of the IT hardware manufacturing sector in India.
The selection of Panache under the PLI Scheme 2.0 is a testament to the company's strong capabilities and its commitment to making India a global hub for IT hardware manufacturing.
Panache DigiLife is trading at Rs 87, which is a micro-cap with a market capitalization of Rs 106 crore. Year to date, the stock price has generated 46.13 per cent of returns for its investors.
Management Commentary
Commenting on the same, Mr. Amit Rambhia, Chairman and Managing Director, Panache DigiLife Limited, states that, “We're super excited and proud to be picked for the Indian IT Hardware PLI 2.0 in the domestic category. It shows how much we care about making things locally, using new technology, and helping the Indian and global IT hardware area get better. The incentives that we shall get will aid us make further investments.”
About Company
Panache Digilife Ltd. engages in the manufacture of computers and peripheral equipment. It focuses in solution space of computing devices and virtualization, digital classrooms, connected cars, and retail lot.
Disclaimer: The article is for informational purposes only and not investment advice.
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