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EMS players rally after govt extends customs duty sops
Electronic manufacturing services players' shares rose Thursday after duty concessions were extended. This relief covers machinery for lithium-ion battery and display component manufacturing. The government's move reinforces its commitment to the domestic electronics ecosystem. Shares of Syrma SGS Technology and Dixon Technologies are strong performers. This import duty concession should act as a tailwind for the sector.
Syrma SGS to Kaynes Tech: EMS stocks jump up to 7.5% as Centre waives customs duty on key electronic components
The government's waiver of basic customs duty on electronics manufacturing components until 2029 led to sharp stock gains for companies like Kaynes Technology. This initiative aims to enhance domestic production of electronics and support India's goal of becoming a global manufacturing hub.
Dixon, Kaynes, Amber, Syrma surge up to 5%; what's driving EMS stocks?
The government extended customs duty concessions on a range of machinery and components used in electronics manufacturing until March 31, 2029.
Dixon Tech, Syrma SGS, Amber shares surge up to 6%. What does customs duty relief mean?
Shares of Dixon Technologies, Syrma SGS Technologies and Amber Enterprises rallied after the Centre expanded customs duty exemptions on electronics manufacturing machinery and components until 2029. The move is expected to reduce import costs, improve margins, encourage fresh investments and strengthen India's electronics manufacturing ecosystem across batteries, displays and smartphones.
Dixon, Kaynes Tech Shares Up 5%: EMS Stocks In Focus After Government Waives Customs Duty On Key Parts
Dixon, Syrma SGS, Avalon Technologies and Kaynes shares rallied up to 6% after the government waived customs duty on key electronics components.
LG Electronics remains top pick; Amber's Oppo JV to drive growth from FY28: PL Capital
Praveen Sahay, Lead Research Analyst Consumer Durables, Building Materials & EMS, PL Capital Group, expects LG India to sustain revenue and EBITDA expansion over the coming quarters, while Amber Enterprises could see higher contributions from electronics manufacturing and mobile production beginning FY28. Dixon Technologies may benefit from a potential Vivo joint venture, although margin pressure is likely to persist due to raw material costs and lower PLI benefits.
Kaynes Tech, Syrma Top Jefferies Picks Over Dixon Tech In EMS Space On PLI Component Push
Jefferies says the next phase of India's electronics manufacturing incentive programme is likely to favour component makers over assembly-led EMS companies, backing Kaynes Technology and Syrma SGS while retaining a Hold rating on Dixon Technologies.
Zen Tech, HAL & other defence stocks rally up to 6% on DAC's Rs 52,000-crore approval. Motilal picks 3 shares to buy
Defence stocks rallied sharply on Monday after the Defence Acquisition Council approved procurement proposals worth around Rs 52,000 crore. Zen Technologies, ideaForge, HAL, BEL, Paras Defence and Data Patterns gained, while Motilal Oswal reiterated its 'Buy' ratings on HAL, Bharat Electronics and Astra Microwave.
South Korean shares rebound 6% but face second weekly loss
South Korean equities rebounded sharply on Friday, with the Kospi jumping nearly 6%, led by strong gains in heavyweight stocks like Samsung Electronics and SK Hynix. The recovery came after earlier losses driven by a global tech selloff and concerns that the AI-driven rally may be peaking.
Samsung, SK Hynix shares crash up to 14% as Kospi’s massive bloodbath enters day 2
Samsung Electronics and SK Hynix shares plunged as much as 14% as South Korea’s Kospi extended its sharp selloff for a second day. The decline was triggered by renewed concerns over AI chip demand, excess capacity fears, and weak U.S. tech cues, raising questions over the sustainability of the rally.
Syrma SGS zooms 100% from March low; should you buy, hold or sell?
Syrma has entered into a JV with Japan-based Kaga Electronics to establish a technologically advanced EMS manufacturing facility in India focused on serving Japanese customers.
Syrma SGS Tech climbs after inking pact with Kaga Electronics to set up EMS facility
Syrma SGS Technology rallied 3.95% to Rs 1388.05 after the company entered into an agreement with Kaga Electronics India to develop EMS manufacturing facility in India through a joint venture (JV).