JPMorgan initiates bullish coverage on India’s EMS space; shares of Dixon, Kaynes, and Syrma SGS surge up to 8% on July 9 amid strong earnings growth outlook and Make in India tailwinds.<\/p>\n
Shares of Dixon Technologies, Kaynes Technology, and Syrma SGS Technology rallied sharply on July 9, after JPMorgan initiated coverage with an \u2018overweight\u2019 rating on all three, citing India\u2019s EMS (Electronic Manufacturing Services) sector as a \u201csunrise industry\u201d backed by the China+1 strategy and the Make in India initiative.<\/p>\n
JPMorgan forecasts a 32% revenue CAGR for the EMS sector through FY30, driven by rising electronics demand, export recovery, and a shift in global supply chains. Syrma SGS is seen delivering a 31% CAGR in sales (FY25\u201328), with EBITDA margin expansion to 9% by FY28 due to strong traction in industrial and auto segments.<\/p>\n
\n\ud83d\udd39 Top Picks: Syrma SGS, Dixon Technologies, Kaynes Technology all rated \u2018Overweight\u2019
\ud83d\udd39 Sector View: EMS revenue to grow 32% CAGR (FY25\u201330); mobile and export segments key drivers<\/p>\n<\/blockquote>\nAlso Read : Tesla Soothes Indian Suppliers Amid Trump Tariff Threat; Auto Parts Stocks in Focus<\/a><\/p>\n
Stocks React to Bullish Brokerage Call<\/h2>\n
At 12:50 p.m., Syrma SGS was up 4.6%, Dixon Technologies gained 2%, and Kaynes Tech rose 2.7%, reflecting upbeat sentiment.<\/p>\n
JPMorgan highlighted Dixon\u2019s mobile outsourcing strength, projecting a 38% CAGR and ramp-up of the Vivo JV from Q4FY26. Kaynes was called the fastest-growing EMS stock, expected to post 46% CAGR with a $1 billion topline by FY28.<\/p>\n
Amber Enterprises and Cyient DLM received \u2018Neutral\u2019 ratings, while Avalon Technologies was marked \u2018Underweight\u2019. Export-focused Syrma and Cyient DLM were seen benefiting from long-term global shifts.<\/p>\n
\n\ud83d\udd39 Stocks to Watch: Syrma SGS, Dixon, Kaynes, Cyient DLM
\ud83d\udd39 Outlook: EPS upgrades likely; sector rerating depends on estimate revisions<\/p>\n<\/blockquote>\nAlso Check Stock Price :<\/p>\n
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- Syrma<\/a><\/li>\n
- Dixon<\/a><\/li>\n
- Kaynes<\/a><\/li>\n
- Cyient<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"
JPMorgan initiates bullish coverage on India’s EMS space; shares of Dixon, Kaynes, and Syrma SGS surge up to 8% on July 9 amid strong earnings growth outlook and Make in India tailwinds. Shares of Dixon Technologies, Kaynes Technology, and Syrma SGS Technology rallied sharply on July 9, after JPMorgan initiated coverage with an \u2018overweight\u2019 rating […]<\/p>\n","protected":false},"author":4,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1331],"class_list":{"0":"post-11296","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1331,"user_id":4,"is_guest":0,"slug":"sourabh","display_name":"Sourabh Sharma","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=11296"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11296\/revisions"}],"predecessor-version":[{"id":11298,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/11296\/revisions\/11298"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/11297"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=11296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=11296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=11296"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=11296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}