From Dixon Tech to Cyient DLM- why are electronics manufacturing services stocks rising? Explained

Electronics manufacturing services stocks rallied after the Union Cabinet approved two major manufacturing initiatives with a combined investment of nearly Rs 1.9 lakh crore. The Rs 1.27 lakh crore Semicon 2.0 programme targets India's semiconductor design and fabrication ecosystem across six pillars, while the Rs 62,500 crore Mobile Phone Manufacturing Scheme offers PLI to manufacturers for five years from FY2026-27 to FY2030-31, with mobile phone exports projected to double to about Rs 15 lakh crore.