EMS stocks : There is a sharp decline in EMS shares today. Actually, a big player is ready to enter the EMS market. Tata Electronics has received CCI approval. CCI has received approval to buy a major stake in Pegatron India. Pegatron India is an iPhone manufacturing company. Tata Electronics will transfer component business to Pegatron India. There was sharp selling in EMS shares today after CCI approval.
Who is Pegatron India?
Pegatron India is a subsidiary of Pegatron Corporation. Pegatron India is an iPhone manufacturing company. The company exports Apple products to North America, Asia and Europe. Earlier in November 2023, the company had purchased the iPhone unit from Wistron. The Bangalore-based Wistron unit was bought for $125 million. Wistron is a Taiwanese company.
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EMS shares valuation
If we look at the valuation of EMS (Electronic Manufacturing Shares) shares, Keynes Tech P/E is at 96.9 times FY26, Dixon Tech at 90.2 times, CG Power at 72.5 times, Amber Enterprises at 68.7 times, Avalon Tech at 64.8 times and Sirma SGS at 45.7 times. Trading at Guna.
If we look at the movement of EMS stocks, Dictionary Tech has closed at Rs 16905.85 with a decline of Rs 1,546.00 i.e. 8.38 percent. Today its daily high is Rs 18,445.00 and daily low is Rs 16,855.30. The stock has fallen 2.96 percent in 1 month. At the same time, this stock has gained 167.27 percent in one year. This stock has given 219.28 percent return in 3 years.
Similarly, CG Power closed at Rs 694.60 with a weakness of 23.40 points or 3.26 percent. Today its daily low was Rs 678.25. Whereas its 52 week high is Rs 874.70 and 52 week low is Rs 414.30. The stock has a trading volume of 3,279,556 shares and a market cap of Rs 106,187 crore. This stock has given 6.26 percent negative return in 1 month. At the same time, this stock has gained 47.83 percent in 1 year and 248.43 percent in 3 years.
Amber Enterprises fell by 269.35 points or 3.34 percent and closed at the level of 7791.05. Today its daily low is Rs 7,616 and daily high is Rs 8,160. The stock has given 34.18 percent return in 1 month and 135.28 percent return in 1 year.