Kaynes Leads EMS Stock Crash; Dixon, Amber, PG Electroplast Down Up To 9%

• Stocks in the Electronics Manufacturing Services (EMS) sector, including Dixon Technologies, Amber Enterprises, and PG Electroplast, experienced significant declines, with some falling up to 9%.
• Dixon Technologies shares dropped over 9%, marking their largest single-day fall since January, with high trading volumes.
• The sell-off intensified following a sharp decline in Kaynes Technologies shares, which fell over 10% after exiting the F&O ban.
• Brokerage firms like Nomura and Kotak Institutional Equities significantly cut their target prices for Kaynes Technology, contributing to the pressure.
• Several EMS stocks, including Dixon, Kaynes, Amber, and PG Electroplast, are trading significantly below their 52-week highs, with some down by 25% to 50%.

Why It Matters: Sharp fall in EMS stocks signals potential risks for investors in the sector.