India's EMS companies rise on US-India trade deal

Shares of Indian electronics manufacturing services (EMS) firms Dixon TechnologiesDIXO.NS, Syrma SGS SYRM.NS , Kaynes Technology India KAYN.NS rise between 4.6% to 6.5%

U.S. President Donald Trump on Monday announced a trade deal with India, cutting tariffs on Indian goods to 18% and linking the move to India curbing Russian oil purchases

ICICI Securities says lower U.S. tariffs could aid EMS exporters, including Dixon Technologies, Kaynes Technology and Syrma SGS, by improving export competitiveness and margins

YTD, DIXO down 14.5%, KAYN down 13.5% and SYRM up about 5%