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Sanjay Ahuja

16th Mar · SEBI-Registered Analyst

AUTOMATION STOCKS THAT ARE DRIVING INDIA'S HI-TECH MANUFACTURING SECTOR

As India's manufacturing sector is growing, automation has slowly come a core part of the industry. Factories are no longer relying only on manual labour, whereas machines, sensors, robotics, digital control systems, etc are entering production lines. Automobiles and auto component companies are adopting more automated production lines. Electronics and semiconductor plants are expanding rapidly. Aerospace and pharmaceutical production is also becoming more technology intensive. As these industries scale up, the need for smarter factories, connected machines and real-time data systems continues to grow. Some of the companies that supply factory automation equipment and industrial control systems are

ABB
,
SIEMENS
,
HONAUT
, and
LTTS
. These businesses also show relatively strong fundamentals in terms of revenue growth, profitability and return ratios.

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