EMS COMPANY GETS GOVERNMENT APPROVAL FOR ELECTRONICS MANUFACTURING

operate in the electronic products vertical, such as consumer electronics, lighting, home appliances, closed-circuit television cameras (CCTVs), and mobile phones. The company has got government approval for electronics manufacturing under the Electronics Component Manufacturing Scheme. The approval allows the company to undertake the manufacturing of the Camera Module Subassembly and manufacturing of Optical Transceiver-SFP. This approval will strengthen the company’s electronics component manufacturing capabilities in India and enhance its competitiveness. With a market capitalization of Rs 74,100 crore, the company's share price is trading at an attractive P/E of 55 which is much lower than it's 3-year average P/E of 118.