The Union Cabinet granted approvals to two key schemes: the Mobile Phone Manufacturing Scheme with an outlay of ₹62,500 crore, and ISM 2.0 with a budgeted outlay of ₹1.3 trillion.
The government extended customs duty concessions on a range of machinery and components used in electronics manufacturing until March 31, 2029.
In India, CG Power, and Kaynes Technology, through CG Semi and Kaynes Semicon, are the two listed companies with direct exposure to semiconductor manufacturing
In last two financial years, retail investors increased holding in 118 Nifty 500 stocks where FIIs cut stake; of these 65 stocks trade below March 2024 levels amid tepid market mood, shows data.
The stock price Kaynes Technology was quoting lower for the fifth straight day, plunging 27 per cent during the period.
In the past two trading days, the stock price of Zaggle Prepaid Ocean Services has tanked 27 per cent, while Kaynes Tech stock has plunged 24 per cent
The steep drop in profit was mainly due to higher raw material cost, employee expense and tax
Ajit Mishra of Religare Broking expects SAIL to rally to ₹240, and Dixon Technologies past ₹13,000-mark; whereas, he cautions Kaynes Technology could crack to ₹2,500 if it breaks key support.
In the March quarter (Q4FY26), Kaynes Technology reported a 21.5 per cent decline in net profit to ₹91.2 crore, as compared to ₹116.2 crore Y-o-Y
Analysts believe that the EMS industry is a key component of India's broader electronics ecosystem and has shown strong growth in recent years
UBS hosted executives from 10 midcap companies, including Astral, Bharat Forge, Kaynes Technology India, Quality Power, Angel One, Bandhan Bank, among others during Emerging India Mid-Cap Conference
Motilal Oswal estimates a 30 per cent compound annual growth rate (CAGR) in aggregate revenue of their EMS coverage companies over FY25-28.
Bata India, Indian Hotels, IGL, MGL, Just Dial, Kalyan Jewellers, Jubilant FoodWorks, Oberoi Realty, Mankind Pharma and Suzlon Energy have hit their respective 52-week lows.