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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.
Govt extends duty relief for electronics, lithium-ion battery manufacturing till 2029
Customs duty concessions on electronics manufacturing parts are extended until March 2029. This move supports investments in battery cell manufacturing and advanced electronics assembly. Lithium-ion battery machinery now has expanded eligibility for concessional customs duty. Display assembly components for automotive and medical uses also receive duty relief. Wireless charging components for mobile phones are similarly granted customs duty concessions.
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.
Five Stocks To Buy: Swiggy, Marico, Havells And More | July 08, 2026
Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing heavily on fmcg, online food delivery, electronics and housing finance sectors.
Consumer loans hit a record in Q1 amid steep rise in electronic goods prices
Consumer financing reached new highs in the June quarter. This surge was fueled by greater financing of electronics and rising prices. Banks and NBFCs saw significant growth in consumer durable loans. Financing now accounts for a larger share of smartphone sales. Extended financing tenures help keep monthly installments affordable for consumers.
Auto components industry expected to grow 8-10% in FY27: ACMA
Experts predict an 8-10 percent growth for India's auto component sector this fiscal year, riding on robust domestic demand and export performance. However, the industry faces challenges, including a trade deficit driven by higher imports of electronics and EV components, as well as labor shortages affecting small to medium enterprises. Still, the long-term outlook of the sector is hopeful.
Paras Defence, ideaForge, other defence stocks slide up to 5%. What’s triggering the selloff?
Defence stocks declined up to 5% as investors booked profits after a sharp rally triggered by the Defence Acquisition Council’s approval of Rs 52,000 crore worth of acquisition proposals. Despite the correction, brokerages remained positive on the sector, citing strong order inflows and execution opportunities for companies such as HAL and Bharat Electronics.
HAL offers the best risk-reward among defence stocks despite expensive valuations, says Equirus
Harshit Patel, Director of Equirus Securities expects Bharat Dynamics to be a key beneficiary of the Defence Acquisition Council's ₹52,000-crore approvals, while BEL, Data Patterns, Apollo Micro Systems and Astra Microwave are well placed to benefit from rising demand for defence electronics and anti-drone systems.
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.
Samsung Electronics shares fall 6% despite Q2 operating income being higher than Nvidia in Q4
A full financial statement will be released by Samsung Electronics towards the end of this month, which will include its net profit figure and a break-up of the performance of its various divisions.
Dev IT gains on bagging Rs 73 lakh order from HARTRON
Dev Information Technology (Dev IT) rallied 5.93% to 29.10 after it has secured an order worth Rs 73 lakh from Haryana State Electronics Development Corporation (HARTRON), a state government undertaking.