HSBC had earlier upgraded Indian equities to "Neutral" from "Underweight" and raised its 2026-end target for the BSE Sensex index to 84,000 levels.
Motilal Oswal Wealth Management Research Desk recommends 2 stocks each from the large-cap, mid-cap and small-cap segment for August 2026.
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.
Syrma has entered into a JV with Japan-based Kaga Electronics to establish a technologically advanced EMS manufacturing facility in India focused on serving Japanese customers.
Syrma SGS share price: The stock price of Syrma SGS Technology has more-than-doubled or zoomed 101 per cent from its January 2026 low of ₹634.15 on the BSE.
Going forward, Syrma believes that the company is well poised to capitalize on the emerging opportunities and grow healthy growth rate across all verticals.
Analysts believe that the EMS industry is a key component of India's broader electronics ecosystem and has shown strong growth in recent years
JP Morgan expects strong growth across the EMS universe, projecting a 20 per cent revenue CAGR over the next two years (30 per cent excluding Dixon)
Motilal Oswal estimates a 30 per cent compound annual growth rate (CAGR) in aggregate revenue of their EMS coverage companies over FY25-28.