JM Financial's Q3 Preview for EMS Stocks

JM Financial has shared its expectations for the December quarter performance of several electronic manufacturing services (EMS) companies in India.

They predict a mixed quarter with some companies showing strong growth while others may face challenges.

For example, Kaynes Technology is expected to have a strong quarter with a 45% increase in revenue and improved margins.

Dixon Technologies, however, is likely to have a flat quarter with modest growth in profit.

Syrma SGS is on track with a 32% revenue increase and sustained margins.

Amber Enterprises is expected to grow by 19% in revenue, but margins may decline slightly.

PG Electroplast is predicted to lead with a 35% revenue increase.

Cyient DLM is expected to have a weak quarter with a decline in revenue, while Avalon Technologies is predicted to continue strong revenue growth but with moderating margins.

The brokerage also suggested up to 42% upside targets for some stocks.