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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.
Antony Waste Slips 5% After PCMC Waste-To-Energy Plant Building Collapses
Antony Waste Handling Cell shares fell over 5%
Syrma SGS, Dixon Tech, Amber shares gain up to 5% after this positive development
Syrma SGS holds a distinct competitive edge in the domestic manufacturing of magnetic products, including inductor coils, chokes and transformers.
Mobavenue AI Tech expands its presence in United States
Appoints Eric Lind as Country Head - United States
Antony Waste shares tumble 5% after waste mound collapse at Pune facility; workers feared trapped
Antony Waste share price fell 5% after a waste mound at Pimpri Chinchwad facility collapsed due to heavy rainfall. The debris fell onto the administration building, causing its structural failure. Rescue operations are currently underway involving multiple emergency response agencies. The company is providing medical assistance and support to affected families. No immediate material impact on company operations has been identified so far.
Antony Waste Handling Cell says admin building of Pune facility collapse due to heavy rain
Antony Waste Handling Cell said a waste mound outside its facility had destabilized due to continuous and exceptionally heavy rainfall and it collapsed in the afternoon and fell onto the administration building, resulting in the collapse of the structure.
Tech Mahindra Share Price Live Updates: Tech Mahindra Surpasses Key Technical Indicator
HCL Tech Share Price Live Updates: HCL Tech's Price Analysis
Wall Street Highlights: S&P 500, Nasdaq Pare Iran War-Driven Losses After Dip Buyers Emerge
The tech-heavy Nasdaq 100 closed 0.3% higher and the S&P 500 declined 0.3%, paring a drop of as much as 1.1% that put it on track to test its 50-day moving average. Materials, consumer discretionary and financials were the biggest laggards.
Silver Touch Tech climbs after bagging AI project from RITES
Silver Touch Technologies rallied 4.69% to Rs 189.55 after the company secured an order from Rites to develop artificial intelligence (AI)-based detailed project report (DPR) appraisal & intelligence platform, PARAKH.
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.