CG Power to Syrma: Macquarie’s Outperform picks with up to 22% upside amid India’s chip push
India’s semiconductor push is entering a broader phase, and in its recent report Macquarie said ISM 2.0 had moved beyond a subsidy programme towards building a domestic semiconductor supply chain. CG Power, Syrma SGS Technology and Amber Enterprises stand out among the brokerage’s covered stocks
The brokerage described the policy as “Building the ecosystem and increasing value addition”, with the programme covering semiconductor equipment, materials, chemicals, gases, testing infrastructure, advanced research and development and talent development.
