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Domestic electronics manufacturing in India has increased over 4-fold in the last 10 years, reaching Rs 8.22 lakh crore. India now manufactures 99.2%
From the year 2015 to 2020, the street re-rated many companies with strong brands in the consumer electronic and electrical space. The expansion in price earnings multiples of these companies led to big wealth creation. However there has been a long period of underperformance, as the sector went through a tough phase of structural changes and also increased competition. Is the period of consolidation over and will the street warm up to them?