The Electric and Electronics Sector: A Bright Future Ahead
The electric and electronics sector is on the verge of significant growth, driven by international collaborations and advancements in renewable energy technologies. This article delves into the sector's outlook and highlights key companies poised for success.
Sector Performance and Growth Trajectory
Tired of too many ads?
Remove Ads
Top Companies Analysts Recommend Based on Upside Potential
Company Name Current Price Target Price Upside Potential Recommendation Elgi Equipments Rs. 504.45 Rs. 643.00 28% Buy PG Electroplast Rs. 779.90 Rs. 988.00 27% Buy
Tired of too many ads?
Remove Ads
About PG Electroplast
About Elgi Equipments
The electric and electronics sector has shown a mixed performance recently, with a slight decline observed over the past week and month. However, the sector has demonstrated resilience with a positive growth trajectory over the past year, indicating a robust recovery and potential for future expansion. The recent collaboration between India and Japan to enhance technology transfer in renewable energy solutions is a significant catalyst for growth in this sector.This partnership is expected to create numerous job opportunities and promote the adoption of green technologies across India. The involvement of key stakeholders, including the Indian Ministry of Electronics and Information Technology and Japanese technology firms, is likely to facilitate knowledge sharing and spur innovation. As a result, the sector is anticipated to experience long-term growth, with an increase in exports of electronic goods and components, further integrating India into global supply chains.Overall, the outlook for the electric and electronics sector remains positive, with substantial upside potential for investors and stakeholders alike.PG Electroplast Limited is an electronic manufacturing services(EMS)provider for original equipment manufacturers(OEMs)of consumer electronic products in India. The company specializes in manufacturing and assembling a wide range of consumer electronic components and finished products, including kitchen appliances, air conditioners, and mobile handsets. With a diverse clientele of over 45 Indian and global brands, PG Electroplast is well-positioned in the market.Analysts recommend a 'Buy' for PG Electroplast, with a target price of Rs. 988.00, indicating an upside potential of 27%. The company's financial performance has been impressive, with a year-on-year PAT growth of 108.81% and sales growth of 77.3%. Despite a recent decline in stock price over the past month, the long-term outlook remains strong, supported by significant growth in the last year, where the stock appreciated by over 200%.Elgi Equipments Limited is engaged in the manufacturing and trading of air compressors, offering a wide range of products including oil lubricated and oil-free compressors. The company serves various industries, providing innovative solutions tailored to customer needs. With a strong market presence, Elgi Equipments is recognized for its quality and reliability.Analysts also recommend a 'Buy' for Elgi Equipments, with a target price of Rs. 643.00, reflecting an upside potential of 28%. However, the company's recent financial performance has shown some challenges, with a slight decline in PAT and modest sales growth. Despite these setbacks, the stock has shown resilience, with a positive return over the past week and month, indicating potential recovery in the near future.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
12 minutes ago
- Time of India
NRIs in the Gulf show keen interest in India's real estate industry as prices cool down
Indian expats in the UAE and Gulf may find this a timely moment to invest in the Indian property market, as major cities show signs of slowing price growth after three years of rapid gains. High demand from local buyers had previously created strong competition for Non-Resident Indians (NRIs), but market dynamics are beginning to shift, according to a report by Gulf News. The change is prompting many NRIs in the Gulf to re-evaluate whether to invest in Indian real estate or explore property purchases locally in the UAE. 'More than ever, Gulf's NRI buyers are worried whether it makes any sense to buy or build a costly home in India and have it rented out or kept vacant,' said a property advisor. Another deciding factor is education. Expats increasingly base new home purchases in India on whether their children are pursuing higher studies in the country. Meanwhile, city markets are tightening, especially in the affordable and mid-range segments. 'Several cities – including Mumbai , Pune, Hyderabad, Chennai, and Delhi-NCR – are now facing a genuine crunch in entry-level inventory,' said Azaz Motiwala, founder of Ikon Marketing Consultants to Gulf News. 'This supply tightening is most evident in the affordable and mid. segments, where steady demand is not being matched by fresh launches.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Linda Kozlowski, 67, Shows Off Her Perfect Figure In A New Photo Today's NYC Undo While cities like Bengaluru and Hyderabad posted modest 5% price increases in early 2025, they remain below the double-digit gains of previous years. Overall, price growth in most metros has slowed to single digits. (Join our ETNRI WhatsApp channel for all the latest updates) On the investment front, NRIs are also showing interest in fractional ownership of commercial properties, especially in the Rs 1 million to Rs 2.5 million range. These investments are reportedly yielding 8–10% annual returns, according to Anarock. Live Events Mortgage rates have also begun to shift in favor of buyers. 'Leading banks in India have reduced their lending rates by 5–10 bps in May 2025 (from the peaks in mid-2024),' said Owen. 'However, loan demand is not linked solely to interest rates – overall sentiment, which is significantly influenced by the geopolitical environment, also plays a big role.' Luxury and ultra-luxury housing continue to dominate new supply. 'Driven by steady demand, luxury and ultra-luxury homes – priced from Rs 15 million – dominated new supply in Q1-25 with a 42% share,' Owen added. With prices cooling, financing improving, and supply shifting, NRIs may find new opportunities in India's evolving real estate market.
Mint
18 minutes ago
- Mint
Air India CEO Campbell Wilson says Pakistan airspace ban adding to flying costs
The continuing ban for Indian airlines in using Pakistani airspace is adding flying hours for non-stop flights and will weigh down Air India Ltd.'s path to profitability, its top executive said in an interview. 'The impact is significant but we have been able to sustain non-stop operations' to most destinations in North America and Europe, Air India Chief Executive Officer Campbell Wilson said in a Bloomberg TV interview Monday. 'It'll certainly hit our bottomline.' The airspace curbs have increased flying time for west-bound flights from India by an hour or so, according to Wilson, who declined to give details on the discussions the Tata Group-owned carrier was having with stakeholders on this front. The armed conflict between India and Pakistan that erupted May 7 was the worst between the nuclear-armed neighbors in decades, with both sides trading drone and missile strikes besides artillery and small arms fire along their shared border. It was triggered by a gruesome attack on civilians in Indian-controlled Kashmir on April 22. While a ceasefire was announced on May 10, Pakistan has extended the airspace ban for Indian airlines until June 24. Geopolitical strife has been complicating flying routes and business models for airlines globally in the past few years as they skirt conflict zones. Tariffs are also now a closely watched development for the sector. 'We want certainty. Uncertainty is difficult when you are making investment decisions,' Wilson said, adding that this was a common theme at the ongoing aviation industry event in New Delhi. So far, Air India sees no impact of tariffs on travel flows for its geography and markets. The recent showdown between the US President Donald Trump and Harvard University has added another layer of complication for international fliers especially those looking to study in American institutions. Pointing to anecdotal stories, Wilson said that there seems to be some shift in the large student population from India that usually vies to be on US campuses. 'You hear people thinking of alternatives,' he said. 'Obviously, it's a relatively new development, so people are still digesting it but it does seem that people are more willing to look at alternative locations than perhaps they were before.' Wilson, who steered the massive merger of Tata-owned carriers Air India and Vistara last year, declined to comment on media stories on the airline's discussions with plane makers to buy more narrowbody jets. Air India, the unprofitable carrier which the Tata conglomerate acquired from the Indian government in 2021, will start receiving new planes it had ordered toward the end of this year, according to Wilson. The deliveries are 'later than we hoped, slower than we hoped,' he said. 'It is constraining our ambitions a little bit in the short term but the long term opportunity for this market is massive, so we are very, very confident.' More stories like this are available on Disclaimer: This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
Economic Times
19 minutes ago
- Economic Times
Mphasis, Persistent, and other IT stocks fall up to 6% amid renewed US-China trade tensions
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Indian IT companies fell sharply on Monday, with some stocks losing up to 6.5%, as renewed trade tensions between the US and China spooked investors. The Nifty IT index slipped over 1% to 36,948 in morning trade, extending losses for the second straight selloff follows a social media post by US President Donald Trump last week, accusing China of violating a recent trade agreement. Trump claimed that China had "totally violated" the deal, which he said was made to prevent further economic instability in China caused by earlier tariffs.'China has totally violated its agreement with us. So much for being Mr. NICE GUY!' Trump posted on his platform, Truth IT companies earn a significant portion of their revenue from the US market. Past tariff battles between the US and China have triggered fears of a US recession and rising inflation, which tend to weigh heavily on IT trade tensions had eased briefly, the latest escalation has reignited concerns, dragging IT stocks Mphasis led the fall, tumbling 6.5% to Rs 2,392, after reports that FedEx Corp. had chosen Accenture Plc to handle much of its IT work, ending a long-standing relationship with Mphasis. The client accounted for 8% of the company's revenue. Persistent Systems dropped nearly 3% to Rs 5,471. Shares of Tech Mahindra and Wipro slipped over 1%, while HCL Tech Infosys , LTI Mindtree, and Coforge traded with marginal response, China accused the US of violating the trade deal and warned of strong retaliatory measures. In a statement on June 2, the Chinese Ministry of Commerce said, 'If the US insists on its own way and continues to damage China's interests, China will continue to take resolute and forceful measures to safeguard its legitimate rights and interests.': Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
