Indian electronics makers gain on federal budget support expectations

Ganges Securities

01/02/2026 04:59

** Shares of Indian electronics manufacturing services firms Dixon Technologies DIXO.NS, Fujiyama Power Systems FUJI.NS, GNG Electronics GNGE.NS, DCX Systems DCXS.NS and Kaynes Technology KAYN.NS rise between 1.5% and 5.7%

** Analysts expect government support to boost domestic electronics manufacturing in federal budget

** Firms seen as key beneficiaries of India's push to localise electronics manufacturing

** Finance Minister Nirmala Sitharaman to present the federal budget at 11:00 a.m. IST today

 (Reporting by Surbhi Misra in Bengaluru)

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