Indian electronic manufacturing services rally on production incentive approvals

Syrma SGS Technology

16/07/2026 05:17

** Shares of electronic manufacturing services (EMS) cos up between 0.6% and 7.2%
** Dixon Technologies DIXO.NS leads the pack; shares up 7.2% at 14,635 rupees
** Cyient DLM CYIT.NS up 2,75% at 553.3 rupees and Kaynes Technology KAYN.NS up 2.7% at 3,425 rupees
** Syrma SGS Technology SYRM.NS up 1.5% at 1,425 rupees, Amber Enterprises AMBE.NS  up 0.6% at 7,896.5 rupees
** India government approves 625 billion rupee mobile manufacturing scheme to boost production and global competitiveness
** Expands key semiconductor programme with ​fresh capital of 1.28 trillion rupees ($13.30 billion)
** Motilal Oswal believes both these initiatives enhance supply chain resilience and position India as global electronics hub
** Mobile scheme to improve margins and customer stickiness, particularly benefiting DIXO - Motilal
** JP Morgan echoes view; says DIXO stands to benefit most , forecasts 4-5 million export volume upside
     
($1 = 96.2200 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru)
 ((Mridula.Kumar@thomsonreuters.com;))