India’s drive towards semiconductor self-sufficiency receives a significant boost as the government approves a massive $15 billion investment in the establishment of three semiconductor plants.
Here are some of the semiconductor stocks that have current interests in the field of semiconductors and may benefit from the demand and benefits given for the semiconductors.
CG Power and Industrial Solutions
CG Power and Industrial Solutions Limited is engaged in the business of providing end-to-end solutions to utilities, industries, and consumers for the management and application of efficient and sustainable electrical energy.
With a market capitalization of Rs. 71,012 Crores, the shares of CG Power and Industrial Solutions Limited closed at Rs. 464.95, up 4.75 percent from its previous day’s close price of Rs. 443.85.
CG Power and Industrial Solutions Limited has signed a joint venture agreement with Renesas Electronics Corporation, and Stars Microelectronics Public Co. Ltd to establish an Outsourced Semiconductor Assembly and Test (OSAT) facility in India.
Kaynes Technology India
Kaynes Technology India Limited is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. It has a strong customer base with major players like Hitachi, Siemens, Tonbo Imaging, and many more.
It provides conceptual design, integrated manufacturing, process engineering, and life-cycle support for major players across industries like automotive, aerospace, defense, and many more.
With a market capitalization of Rs. 18,864 Crores, the shares of Kaynes Technology India Limited closed at Rs. 2,951.40, down 1.63 percent from its previous day’s close price of Rs. 3,000.25.
Kaynes Technology is investing Rs. 2,800 crore to set up a semiconductor OSAT (Outsourced Semiconductor Assembly and Test) and compound semiconductor facility at Kongara Kalan near Hyderabad.
Its revenue from operations grew by 76.12 percent from Rs. 289 Crores in Q3FY23 to Rs. 509 Crores in Q3FY24, accompanied by increasing profits of Rs. 23 Crores to Rs. 45 Crores.
RIR Power Electronics
RIR Power Electronics Limited is engaged in manufacturing and selling various power semiconductor devices such as bridges, power modules, diodes, rectifiers, and thyristors and it also has a product portfolio that includes low-power to high-power devices and IGBT Modules that find applications in Welding, elevators, Battery Charges, Railways, Medical equipment, etc.
With a market capitalization of Rs. 617 Crores, the shares of RIR Power Electronics Limited closed at Rs. 888.10, down 2.45 percent from its previous day’s close price of Rs. 910.40
RIR Power Electronics has got the approval and is proceeding with the establishment of a manufacturing, fabrication, and packaging facility for SiC devices at Info Valley, Khordha, Odisha with an investment of Rs.510.80 Crores.
Its revenue from operations grew by 4.62 percent from Rs. 14.06 Crores in Q3FY23 to Rs. 14.71 Crores in Q3FY24, accompanied by profits of Rs. 1.88 Crores to Rs. 1.12 Crores.
Dixon Technologies (India)
Dixon Technologies Limited is engaged in providing manufacturing and design-focused solutions for consumer durables, home appliances, lighting, mobile phones, security devices, set-top boxes, wearables, and medical equipment to customers across the globe, along with repairing and refurbishment services of LED TV panels. It has a strong customer base with major players like Xiaomi, Panasonic, Samsung, and many more.
With a market capitalization of Rs. 41,932 Crores, the shares of Dixon Technologies (India) Limited closed at Rs. 7,009.65, up 4.91 percent from its previous day’s close price of Rs. 6,681.50.
Dixon Technologies Limited subsidiary has various partnerships and subsidiaries with various investments underway to start full-fledged operations for the semiconductors.
Its revenue from operations grew by 100.33 percent from Rs. 2,405 Crores in Q3FY23 to Rs. 4,818 Crores in Q3FY24, accompanied by increasing profits of Rs. 52 Crores to Rs. 97 Crores.
Tata Elxsi
Tata Elxsi is part of the famous Indian conglomerate the Tata Group and is among the world’s leading design and technology services providers across industries such as automotive, broadcast, communications, healthcare, and transportation.
With a market capitalization of Rs. 48,084 Crores, the shares of Tata Elxsi Limited closed at Rs. 7,721.20, down 0.84 percent from its previous day’s close price of Rs. 7,786.70.
Tata Electronics Rs 91,000-crore project will be set up in Gujarat’s Dholera district in partnership with Taiwanese Powerchip Semiconductor Manufacturing Corp.The foundry is estimated to produce 50,000 wafers per month, with each wafer constituting 5,000 chips.
Its revenue from operations grew by 11.75 percent from Rs. 818 Crores in Q3FY23 to Rs. 914 Crores in Q3FY24, accompanied by increasing profits of Rs. 195 Crores to Rs. 206 Crores.
Syrma SGS
Syrma SGS Technology Limited is an engineering and design company engaged in the business of manufacturing and designing various electric sub-assemblies, disk drives, fiber optic assemblies, and many more.
With a market capitalization of Rs. 9,518.56 Crores, the shares of Syrma SGS Limited Limited closed at Rs. 536, up 1.87 percent from its previous day’s close price of Rs. 526.15.
Syrma SGS Technology Limited has incorporated a wholly-owned subsidiary company named Syrma Semicon Private Limited to carry on full-fledged, designing, manufacturing selling, and other related work of semiconductors.
Its revenue from operations grew by 37.81 percent from Rs. 513 Crores in Q3FY23 to Rs. 707 Crores in Q3FY24, accompanied by profits of Rs. 34 Crores to Rs. 20 Crores.
Moschip Technologies
Moschip Technologies Limited is a semiconductor and system design company. It specializes in product design and development services ranging from chip design to systems Development.
With a market capitalization of Rs. 1,806 Crores, the shares of Moschip Technologies Limited closed at Rs. 95.99, up 3.60 percent from its previous day’s close price of Rs. 92.65.
Its revenue from operations grew by 66.90 percent from Rs. 53.7 Crores in Q3FY23 to Rs. 89.63 Crores in Q3FY24, accompanied by increasing profits of Rs.1.86 Crores to Rs. 2.19 Crores.
Written by: Bharath K.S
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