Electronics manufacturing stocks rally after budget boost; Govt hikes outlay to Rs 40,000 cr

Shares of electronics manufacturing companies rallied after Finance Minister Nirmala Sitharaman, in the Union Budget 2026, announced a Rs 40,000 crore allocation for the electronics components manufacturing scheme, significantly strengthening the outlook for India?s domestic electronics ecosystem.

Dixon Technologies (up 4.26%), Amber Enterprises (up 5.59%), Syrma SGS Technology (up 4.07%), Kaynes Technology (up 3.73%), PG Electroplast (up 2.75%), Cyient DLM (up 1.04%), Avalon Technologies (up 3.25%), CG Power and Industrial Solutions (up 5.17%), and Amber Enterprises India (up 5.12%) edged higher.

The rally was further supported by the government?s announcement of India Semiconductor Mission 2.0, aimed at strengthening semiconductor supply chains and promoting Indian stack IP-based semiconductors.

The government proposed a sharp increase in the scheme outlay to Rs 40,000 crore from Rs 24,900 crore, underscoring its focus on scaling up domestic electronics manufacturing. The announcements were made during Sitharaman?s ninth consecutive Union Budget presentation in the Lok Sabha.

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