EMS Sector Set for Rapid Growth

  Published 11 months ago

J.P. Morgan sees strong EMS growth driven by Make in India, China+1 shift, and rising electronics production demand.

  • Initiates Syrma, Dixon, Kaynes at "overweight", expecting 32% revenue CAGR through FY25-30E on robust industry tailwinds.
  • Highlights OSAT and PCB manufacturing as key growth areas, with exports seen as the next major opportunity.
  • SYRM, DIXO, and KAYN shares gain up to 3.1% following a bullish outlook and rising investor confidence.

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