** J.P. Morgan expects India’s electronic manufacturing services (EMS) sector to grow rapidly, supported by the Make in India push, rising electronics demand, and global supply chain shifts under the China+1 strategy
** Initiates coverage of Syrma SSG Technology NSE:SYRMA, Dixon Technologies NSE:DIXON and Kaynes Technology NSE:KAYNES at "overweight"
** Brokerage expects EMS to continue its strong growth and forecasts a 32% revenue CAGR over FY25-30E, as it takes an increasing share of domestic electronics production
** Adds, outsourced semiconductor assembly and testing and printed circuit board manufacturing as emerging opportunities, with exports poised to be the next frontier
** Shares of SYRM, DIXO and KAYN rise between 2% and 3.1%