Dixon Technologies, Kaynes Technologies among others jump 4% on ₹40,000 crore outlay for ISM 2.0

Shares of Semiconductor and electronic component manufacturers in India jumped soon after the Finance Minister announced the introduction of the India Semiconductor Mission 2.0. The Finance Minister announced an additional outlay of ₹40,000 crore for ISM 2.0, focusing on high-end fabrication, advanced R&D and deep tech ownership.

Following the announcement, shares of Dixon Technologies, Kaynes Technologies and E2E Networks jumped up to 4% on Sunday morning. Shares of Dixon Technologies jumped 4.8% at ₹10,380 apiece on the NSE, Kaynes Technologies' share price traded 3.5% higher at ₹3,650 apiece on the NSE.

In addition, shares of Syrma SGS Technology jumped 5.95% to ₹806.35, Dixon Technologies (India) Ltd climbed 4.21% to ₹10,885, and Kaynes Technology India rose 3.82% to ₹3,608.90 apiece on BSE.PG Electroplast's shares increased by 2.59% to ₹561.75 per piece, DCX Systems rose 2.06% to ₹180.95, and Cyient DLM's by 1.04% to ₹379.70 apiece on the bourse.

Presenting the Union Budget for 2026-27, she said high-tech tool rooms will be established at two locations to give a push to capital goods manufacturing. Sitharaman also proposed a scheme for container manufacturing to create a globally competitive ecosystem.

The government of India launched the ₹76,000 crore Indian Semiconductor Mission to fulfil its semiconductor demand. India’s current semiconductor demand comes from electronics, automotive and 5G infrastructure

The mobile manufacturing segment witnessed a nearly 30-fold increase in production value, rising from ₹18,000 crore in FY15 to ₹5.45 lakh crore in FY25. iPhone exports from India have hit ₹2.03 lakh crore in 2025, which is almost double that of ₹1.1 lakh crore Apple exported in the calendar year 2024.

Mobile phone production in the country is expected to reach about ₹6.76 lakh crore, comprising exports over USD 30 billion, or about ₹2.7 lakh crore, by the end of the current fiscal year. As of August 2025, 10 semiconductor manufacturing and packaging projects have been approved in the country, with a cumulative investment of around ₹1.6 lakh crore in six states