Electronics manufacturing services stocks like Amber Enterprises, Keynes Technology and Dixon Technologies have given strong returns in 2024. Last year the stock of these companies has been between 135% to 180%. Brokerage firm Jefferies is bullish on this sector in 2025. The brokerage firm has named Amber Enterprises as its top pick. Jefferies has estimated the growth of the electronics manufacturing services industry to be 30% CAGR during the financial year 2024-26.
sector pick
Amber Enterprises
The brokerage firm has advised to buy shares of the company at a target price of Rs 8,840. According to Jefferies, there is a possibility of an increase of 15 percent in the company’s shares. According to sources, the company is exploring the option of IPO for its electronics division. This division contributed 19% to the sales in the first half.
Kaynes Technology
Jefferies says that Keynes is focused on semiconductor, PCB and outsourced semiconductor assembly and test positions to drive long-term growth. However, despite this possibility, Jefferies has given Keynes a ‘Hold’ rating due to expensive valuations. The brokerage firm has fixed the target price for the company at Rs 6,950.
Dixon Technologies
The brokerage firm has given underperform rating for the company’s shares. The target price for this has been fixed at Rs 12,600 and there is a possibility of 32% decline in it. Dixon Technologies’ performance is weakening due to its low margin profile. 80 percent of the company’s revenue is derived from original equipment manufacturing.
Syrma SGS
The brokerage firm has advised to buy shares of Sirma SGS. The target price for this has been fixed at Rs 730. There is a possibility of 15% increase in the company’s shares. Serma’s growth strategy for electroelectronics components is in line with Jefferies’ positive outlook.
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