India's electronic manufacturing service firms rise on upbeat outlook

Shares of Epack Durable EPAC.NS, PG Electroplast PGEL.NS and Amber Enterprises AMBE.NS up between 2%-5%

Room air conditioners and electronics manufacturing services sectors poised for significant expansion due to favorable macro trends and shift toward domestic electronic goods makers, analyst at Nirmal Bang says

Brokerage initiates coverage on EPAC with "buy" rating, sets PT of 504 rupees; says co offers reasonable valuations and growing original design manufacturer presence

Nirmal Bang also initiates coverage on PGEL and AMBE with "hold" ratings; says both cos are fundamentally strong but trade at premium valuations

Sets PT of 863 rupees and 6,910 rupees on PGEL and AMBE, respectively

EPACK has most attractive risk-reward opportunity, while PGEL and AMBE are better suited for long-term investment - Nirmal Bang