Syrma SGS Technology: Inductor Coil Expertise
Syrma SGS Technology share price was trading at ₹1,407 as of 10:00 AM on July 9, 2026, up 4% for the day. The stock touched an intraday high of ₹1,439.00 and a low of ₹1,388.10. Trading volume stood at 12.60 lakh shares compared with the 30-day average volume of 13.80 lakh shares. The share price has more than doubled YTD, gaining 98% and adding ₹705.00 per share since the start of the year.
Syrma SGS is considered to be one of the notable companies in the manufacture of magnetic products, such as inductor coils, chokes, and transformers. The inductor coil assembly units have been included in the duty waiver declared on July 9, 2026. This is important for Syrma SGS. An inductor coil is a passive electronic component designed for storing energy in its magnetic field and is utilized in diverse fields of activity. This waiver will lead to lowering the costs of materials required for domestic production of inductor coil modules, thereby making them cheaper in comparison to those imported directly from other nations such as China, where they have traditionally been cheaper.
Kaynes Technology: Benefits Spread Across Embedded and Display Systems
Kaynes Technology India share price was trading at ₹3,319.90 as of close on July 9, 2026, up 3.40% for the day. The share price touched an intraday high of ₹3,330.00 and a low of ₹3,241.10. Trading volume stood at 2.46 lakh shares compared with the 30-day average volume of 10.10 lakh shares, well below recent norms, though the stock still moved materially higher.
Kaynes Technology focuses on electronics manufacturing services across automotive, aerospace, industrial, and medical segments. Its product range includes embedded systems, sub-assemblies, and display modules, which fall into the categories covered by the exemptions for display assembly and inductor coil in the notification from the government. Cost reduction in this area will directly affect its bottom line, especially since component purchasing is a major part of the total delivery cost for some contracts.
Customs Duty Exemptions
The customs duty exemptions are consistent with the government's broader push to deepen domestic value addition in the electronics sector. India has progressively reduced duties on components that are not yet manufactured locally in sufficient volume, while maintaining tariffs on finished goods, in order to incentivise in-country assembly and manufacturing.
Lithium-Ion cell inputs, also covered by the July 9 notification, are relevant to the broader battery and energy storage ecosystem, which feeds into electric vehicles, consumer electronics, and industrial applications. All three companies operate in segments that stand to benefit from a policy environment that favours domestic electronics assembly over the import of finished products.
Conclusion
The government's customs duty exemption on inputs for display assemblies, inductor coil modules, and Lithium-Ion cells reduces the cost burden for domestic electronics manufacturers in ways that are specific and direct for companies such as Dixon Technologies, Syrma SGS Technology, and Kaynes Technology India. The market's response on July 9, 2026, gains of 4% across all three, shows investor attention on the margin and competitiveness implications of the notification. The actual financial benefit will depend on the volume of eligible imports each company processes and how the savings are reflected in future quarter results.
