India's Centum Electronics gains as DAM Capital starts with 'buy'

Centum Electronics

23/09/2026 06:04

** Centum Electronics CENT.NS climbs 2.3% at 4,975 rupees
** DAM Capital initiates coverage on Centum Electronics CENT.NS with "buy" and PT of 6,000 rupees
** Brokerage cites Centum's focus on high-reliability EMS and defence electronics, with about 70% of products supplied as a sole source
** Expects revenue, EBITDA and profit to grow at 30%, 37% and 32% CAGR, respectively, over FY26-FY29
** Says defence, space and semiconductor opportunities underpin growth, with cumulative BTS inflows of about 24 billion rupees over FY26-FY29
** Stock more than doubles YTD


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))