India-US trade deal: Avalon Tech, Syrma SGS and other EMS stocks soar up to 20% on tariff optimism, supply chain shift

India-US trade deal: Stocks in the electronic manufacturing space, such as Syrma SGS Technology, Dixon Technologies, and others, witnessed renewed buying interest in Tuesday’s session, February 3, after a rally on Budget day, as the reduction of US tariffs on Indian imports further boosted earnings visibility and re-rating prospects for the sector.

Avalon Technologies shares were locked at the 20% upper circuit limit at ₹1,022 apiece, which is also the highest level in over two months.