India EMS stocks jump after budget proposes 400 bln rupees outlay for electronics

Ganges Securities

01/02/2026 05:53

Updates

** Shares of Indian electronics manufacturing services firms Dixon Technologies DIXO.NS, Kaynes Technology KAYN.NS, Syrma SGSSYRM.NS, Amber Enterprises AMBE.NS rise

** Stocks gain between 3.25% and 4.83% after government proposes increasing outlay for electronic components manufacturing by 400 billion rupees ($4.36 billion)in federal budget

** Government also proposes scaling up manufacturing and boosting semiconductor development

** EMS firms are seen as key beneficiaries of India's push to localise electronics manufacturing

($1 = 91.6710 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))