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Top Semiconductor Stocks & Shares in India (2026)

As of 2026, India’s semiconductor sector is moving beyond chip design into manufacturing and packaging. The government has approved 12 manufacturing units worth over ₹1.64 lakh cr, and Semicon 2.0 was cleared in July 2026 with an outlay of ₹1,27,500 cr. Semiconductor stocks in India span chip design, fabrication, assembly, testing and electronics manufacturing.

Top Semiconductor Stocks in India (2026)

Semiconductor Stock Screener

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NameStocks (16)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.HCL Technologies LtdHCLTECHIT Services & ConsultingIT Services & Consulting3,72,972.993,72,972.991,378.001,378.0021.4821.48-0.20-0.2010.6510.6520.5420.54-13.79-13.794.964.9622.9822.9827.5827.583.933.930.070.072.002.00
2.Bharat Electronics LtdBELElectronic EquipmentsElectronic Equipments2,93,012.482,93,012.48400.85400.8548.3448.34-0.98-0.987.477.47-6.40-6.40-4.51-4.5112.2112.2127.5527.5531.9131.910.620.620.000.001.701.70
3.ABB India Limited.ABBHeavy Electrical EquipmentsHeavy Electrical Equipments1,49,490.761,49,490.767,054.507,054.5092.3892.381.901.903.673.6711.8911.8943.5943.5919.0819.0822.3822.3828.4528.450.560.560.010.012.112.11
4.Hitachi Energy India LtdPOWERINDIAHeavy Electrical EquipmentsHeavy Electrical Equipments1,40,826.381,40,826.3831,595.0031,595.00137.01137.0110.6810.683.493.49-0.47-0.4747.5447.5427.2127.2121.0421.0425.2025.200.030.030.020.022.902.90
5.CG Power and Industrial Solutions LimitedCGPOWERHeavy Electrical EquipmentsHeavy Electrical Equipments1,30,450.661,30,450.66828.00828.00106.09106.090.760.76-2.70-2.70-2.25-2.2511.1111.1115.9115.9119.7219.7219.5719.570.160.160.010.012.362.36
6.Polycab India LimitedPOLYCABElectrical Components & EquipmentsElectrical Components & Equipments1,19,121.201,19,121.207,904.007,904.0044.5844.58-2.18-2.18-4.19-4.19-11.07-11.072.372.379.829.8224.2524.2530.8530.850.590.590.020.022.022.02
7.Vedanta LtdVEDLMetals - DiversifiedMetals - Diversified1,01,383.121,01,383.12259.68259.6821.3821.38-0.28-0.28-1.30-1.30-19.69-19.6931.0331.031.481.4828.4328.4316.5016.5013.1113.110.480.482.432.43
8.Dixon Technologies (India) LtdDIXONHome Electronics & AppliancesHome Electronics & Appliances78,286.1278,286.1212,798.0012,798.0054.4254.42-1.49-1.490.740.7415.0515.05-16.48-16.4814.5314.5332.4632.4634.2734.270.080.080.180.182.622.62
9.Havells India LtdHAVELLSElectrical Components & EquipmentsElectrical Components & Equipments72,859.9172,859.911,161.001,161.0042.2442.24-1.04-1.0410.3610.36-3.19-3.19-20.81-20.817.697.6918.9818.9822.5222.520.860.860.030.031.721.72
10.Tata Elxsi LtdTATAELXSISoftware ServicesSoftware Services23,894.5123,894.513,835.003,835.0034.3234.32-0.70-0.7017.4117.41-4.94-4.94-27.74-27.747.867.8621.3021.3026.3026.301.961.960.050.052.182.18
11.V Guard Industries LtdVGUARDElectrical Components & EquipmentsElectrical Components & Equipments13,309.0313,309.03304.50304.5040.9940.99-0.80-0.805.355.35-6.37-6.37-14.06-14.065.615.6113.7913.7916.1116.110.490.490.070.071.701.70
12.ASM Technologies LtdASMTECIT Services & ConsultingIT Services & Consulting9,792.009,792.006,249.856,249.85158.14158.14-0.73-0.73-6.70-6.70105.82105.8260.1160.1131.8931.8925.7325.7323.9123.910.250.250.420.423.293.29
13.Moschip Technologies LtdMOSCHIPSoftware ServicesSoftware Services3,274.053,274.05170.98170.9880.5680.560.690.69-8.58-8.58-21.76-21.76-24.91-24.918.018.019.569.568.398.39--0.220.223.083.08
14.MIC Electronics LtdMICELElectrical Components & EquipmentsElectrical Components & Equipments1,134.941,134.9438.1038.10-89.86-89.86-2.13-2.134.764.76-19.33-19.33-20.61-20.615.245.24-5.75-5.7510.1410.14--0.200.203.103.10
15.Solex Energy LtdSOLEXIndustrial MachineryIndustrial Machinery652.96652.96604.45604.456.826.82-7.78-7.78-5.15-5.15-51.39-51.39-62.89-62.892.552.5546.3246.3231.7531.750.090.091.321.323.563.56
16.Surana Telecom and Power LtdSURANAT&PCablesCables206.76206.7615.2315.238.338.33-1.55-1.55-1.74-1.74-15.86-15.86-27.89-27.891.071.0711.8911.8911.7011.70--0.340.342.122.12
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Companies that are associated with the semiconductor sector in India, based on publicly available information. Sorted based on market capitalisation.

Union Budget Allocations in 2026-27 Affecting the Semiconductor Industry

  1. Launch of India Semiconductor Mission 2.0: Budget proposes an upgraded mission focusing on equipment, materials, design, and full-stack semiconductor IP development to reduce import dependence.
  2. Outlay increase for electronics manufacturing: The Electronics Components Manufacturing Scheme outlay was raised to ₹40,000 cr to fortify domestic electronics supply chains.
  3. Promotion of high-skill research and training centres: The budget encourages industry-led research facilities and workforce training to support semiconductor ecosystem growth.
  4. Tax and investment incentives for global players: Tax holidays, easier contract manufacturing rules, and supportive TDS policies to attract semiconductor and electronics investors.

How to Invest in Semiconductor Stocks in India?

Investing in semiconductor stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in semiconductor stocks:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for Semiconductor Stocks: Go to Tickertape Stock Screener and set the “Return on Equity” filter
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top semiconductor stocks in India.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Semicon 2.0: Government Support for the Semiconductor Industry

The Union Cabinet approved Semicon 2.0 on 15th July 2026 with a total outlay of ₹1,27,500 cr. It builds on the earlier Semicon 1.0 programme and rests on six pillars:

  1. Design: deepening the chip design ecosystem, where 105 start-ups are already developing chips
  2. Machines and materials: incentives for companies that make semiconductor machines, materials, chemicals and gases
  3. More fabs: attracting silicon, compound semiconductor, discrete component and display fabs, with the first fab scheduled to be commissioned in 2028
  4. ATMP and OSAT units: encouraging advanced assembly, testing, marking and packaging units
  5. Research and development: work on more advanced nodes, beyond the 28nm to 110nm range of the first units
  6. Talent development: 315 universities train students on chip design using EDA tools, and around 68,000 students have been trained


Overview of Top 5 Semiconductor Stocks in India for 2026

HCL Technologies Ltd

HCLTech is a global technology company with more than 230,000 employees across 60 countries, as of 30th September 2026. Its semiconductor services cover product architecture, microarchitecture, RTL design and design verification. The screener classifies it under IT Services & Consulting, and it ranks first in the table by market capitalisation.

Bharat Electronics Ltd

Bharat Electronics Ltd (BEL) was set up in 1954 under the Ministry of Defence and is headquartered in Bengaluru. It designs, develops and manufactures electronic products and systems for the Army, Navy and Air Force, and also supplies homeland security, space electronics and railway solutions. It ranks second in the table by market capitalisation.

ABB India Ltd

ABB India Ltd, incorporated in 1949, supplies electrification, motion and process automation products and services. It transferred its robotics business by a slump sale for about ₹1,568.2 cr in cash, effective 1st March 2026. The screener classifies it under Heavy Electrical Equipments, and it ranks third in the table by market capitalisation.

CG Power and Industrial Solutions Ltd

CG Power and Industrial Solutions Ltd is classified under Heavy Electrical Equipments on the screener. Its subsidiary, CG Semi, operates an outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat, where commercial production began in July 2026. The company ranks fourth in the table by market capitalisation.

Hitachi Energy India Ltd

Hitachi Energy India Ltd is part of the Hitachi Energy group, whose product range includes transformers, HVDC, power conversion solutions and power semiconductors. The screener classifies it under Heavy Electrical Equipments, and it ranks fifth in the table by market capitalisation.

What are Semiconductor Stocks?

Semiconductor stocks, also called chip stocks, are shares of companies that design, manufacture, or distribute semiconductors. Semiconductors are tiny electronic components that allow devices like computers and smartphones to work because they act as their “brains.” As technologies like AI, the Internet of Things (IoT), and 5G become more important, the demand for semiconductors has increased. Semiconductor companies in India include chip design service providers, assembly and packaging companies, and electrical and electronics firms with partial exposure to the sector.



Types of Semiconductor Companies in India

Semiconductor companies in India differ in where they sit in the chip value chain:

  1. Chip design and engineering services: companies that design chips or provide design and verification services to global chipmakers
  2. Fabrication: companies that make chips on silicon wafers. Of the 12 manufacturing units approved so far, one is a silicon fab, one is a silicon carbide fab and one is a gallium nitride micro LED display fab
  3. Assembly, testing and packaging (ATMP and OSAT): companies that package and test finished chips. Nine of the 12 approved units are packaging units
  4. Equipment, materials and related suppliers: companies that supply machines, chemicals, gases and electrical or electronic components to semiconductor plants

Chip manufacturing companies in India are at an early stage. As of 15th July 2026, three of the approved units, Micron, Kaynes and CG Semi, had started commercial production. A semiconductor manufacturing company in India can therefore be a fab operator, a packaging unit or a supplier to either.

Overview of the Semiconductor Industry in India

  1. Approved Projects: Twelve semiconductor manufacturing units have been approved with a cumulative investment of over ₹1.64 lakh cr, including one silicon fab, one silicon carbide fab, one gallium nitride micro LED display fab and nine packaging units.
  2. Government Support: The India Semiconductor Mission funds the approved units, and Semicon 2.0 has a ₹1,27,500 cr outlay.
  3. Design and Manufacturing: India continued to build on its strength in semiconductor design services while investing in fabrication, ATMP, OSAT and display manufacturing facilities.
  4. Production Status: Micron, Kaynes and CG Semi had started commercial production as of 15th July 2026, and one more unit was expected to start in 2026.
  5. Design Support: Twenty-four semiconductor design projects from start-ups and MSMEs have been approved for financial support, and 105 start-ups and MSMEs have access to EDA tools.
  6. Integrated Ecosystem: These developments strengthened India’s efforts to create an integrated semiconductor ecosystem and reduce dependence on imported chips over the long term.

Impact of Market Trends on Semiconductor Stocks in India

  1. Market Shifts: Broader market fluctuations influence semiconductor demand and supply, which impacts stock performance.
  2. Tech Advancements: Emerging technologies like AI and 5G increase chip usage, which affects company valuations.
  3. Global Disruptions: Events such as chip shortages or economic slowdowns can reduce revenue and create volatility.
  4. Investor Sentiment: Market expectations around regulation or innovation often influence semiconductor stock prices.
  5. Innovation Focus: Companies that lead in innovation may gain in valuation, while others may fall behind.
  6. Trend Insights: Tracking industry trends helps in understanding the opportunities and risks that affect semiconductor stocks.

Features of Semiconductor Stocks

Full Value Chain

India’s semiconductor ecosystem now spans chip design, fabrication, assembly, testing and advanced packaging. By September 2026, 12 manufacturing projects had been approved, while five units had commenced commercial production across the country.

Strong Design Base

India accounts for nearly 20% of the world’s semiconductor design talent. Twenty-four design projects have been approved for financial support, and 105 start-ups and MSMEs have access to industry-standard EDA tools.

Capital Intensive

The sector is highly capital-intensive. Approved semiconductor projects under Semicon 1.0 carry investment commitments exceeding ₹1.64 lakh cr, showing why financing capacity, execution timelines and technology partnerships matter heavily for companies entering manufacturing.

Diverse End Markets

Semiconductors serve multiple end-markets, including automobiles, telecom, consumer electronics, aerospace, power electronics and AI infrastructure. This broad demand base means company performance can depend on very different customer cycles and chip categories.

Advantages of Best Semiconductor Stocks in India for 2025

Semicon 2.0 Support

Semicon 2.0 was approved in July 2026 with a ₹1.27 lakh cr outlay, expanding support beyond fabs into chip design, equipment, materials, research and talent. This can deepen India’s domestic semiconductor value chain.

Manufacturing Expansion

India has approved 12 semiconductor manufacturing projects with investment commitments above ₹1.64 lakh cr. As more facilities move into production, listed suppliers in electronics, packaging, engineering and specialty materials may gain from domestic capacity creation.

Design Talent

India employs nearly 20% of the world’s semiconductor chip-design workforce, giving the country an established talent base. This supports companies involved in design services, embedded systems and semiconductor engineering without requiring full-scale fabrication investment.

Electronics Demand

Packaging units approved under the programme are expected to supply chips to consumer appliances, industrial electronics, automobiles, power electronics, telecommunications and aerospace. A wider domestic customer base can support demand for local chip assembly.

Global Investment

Global chipmakers are increasing their presence in India. Applied Materials announced a $5 bn India investment plan in September 2026, while Micron has begun production, strengthening the ecosystem around equipment, packaging, materials and skilled manufacturing.

Risks of Investing In Semiconductor Stocks

Project Delays

Semiconductor fabs require enormous upfront capital and long construction periods. Delays can push out revenue while depreciation, financing and fixed costs continue, making project execution a major risk for companies pursuing large manufacturing investments.

Import Dependence

India’s ecosystem is growing, but advanced chip manufacturing remains limited. Large-scale fabs are still under development, so companies continue to depend on imported wafers, equipment and components, leaving them exposed to global supply disruptions.

Demand Cycles

Semiconductor demand is cyclical. Weakness in smartphone, consumer electronics or industrial demand can quickly reduce chip orders, while new capacity comes online, creating periods of lower utilisation and pricing pressure for manufacturers.

Technology Obsolescence

Technology changes rapidly across process nodes, packaging and chip architecture. Companies investing in older manufacturing technologies risk weaker competitiveness if customers shift towards more advanced nodes, specialised accelerators or newer packaging standards.

Infrastructure Dependence

The industry depends heavily on policy support, infrastructure and utilities. Semiconductor plants require reliable power, water, logistics and incentives, so delays in approvals, infrastructure readiness or subsidy disbursement can affect project economics and commissioning.

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Factors to Consider Before Investing in Semiconductor Stocks in India

Value-Chain Position

Check where the company sits in the semiconductor value chain. Fab operators, design firms, packaging companies and equipment suppliers face different margins, capital needs and demand cycles, so comparing them as one category can mislead.

Project Progress

Track project stage rather than announced investment alone. By September 2026, five units had started commercial production, while others remained under construction. Revenue potential depends on commissioning, customer qualification and utilisation after production begins.

Technology Capability

Evaluate technology capability and partnerships. Semiconductor manufacturing often depends on process know-how from global partners, so investors should assess whether a company has credible technology access, customer relationships and products aligned with current demand.

End-Market Exposure

Monitor end-market exposure. Companies supplying automotive, telecom, AI, power electronics or consumer devices can experience different growth cycles, making customer concentration and product mix important for understanding semiconductor revenue stability.

Capex and Debt

Watch capital expenditure, debt and cash flow. Semiconductor projects can absorb large sums before generating revenue, so rising leverage, repeated capex and weak utilisation can pressure returns even when long-term industry demand remains strong.

Conclusion

Semiconductor companies in India operate in a sector shaped by government incentives, global technology cycles, and capital-intensive manufacturing projects. Business performance in this space depends on factors such as value-chain position, project progress, technology capability, end-market exposure, and financial strength. At the same time, import dependence, demand cycles, and long timelines for new fabs add layers of uncertainty.

That’s why it’s important for investors to evaluate semiconductor stocks in India before investing. With over 200 filters on Tickertape Stock Screener, you can conduct thorough research and analyse semiconductor sector stocks in India based on various parameters.

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Frequently Asked Questions on Semiconductor Stocks

  1. What are Semiconductor Stocks?

    Semiconductor stocks represent shares of semiconductor manufacturing companies in India and other businesses involved in chip design, manufacturing and supply. These chips power smartphones, computers, automobiles and electronic devices, with demand driven by AI, IoT, 5G and electronics growth.

  2. Which are the top 10 semiconductor stocks in India?

    The top 10 semiconductor stocks in India, as per their market cap, as of 4th November 2026, are:

    1. HCL Technologies Ltd
    2. Bharat Electronics Ltd
    3. ABB India Ltd
    4. CG Power and Industrial Solutions Ltd
    5. Hitachi Energy India Ltd
    6. Polycab India Ltd
    7. Vedanta Ltd
    8. Dixon Technologies (India) Ltd
    9. Havells India Ltd
    10. Tata Elxsi Ltd

    Disclaimer: The list is for educational purposes only and not a recommendation. Please do your own research or consult your financial advisor before investing.

  3. What are semiconductor penny stocks in India?

    Semiconductor penny stocks in India are low-priced shares of companies linked to the semiconductor sector. Low-priced shares can be more volatile and less liquid.

    Disclaimer: The above information is for educational purposes only and should not be considered investment advice.

  4. How to invest in the best semiconductor stocks in India in 2026?

    Here’s how you can explore semiconductor stocks in NSE using Tickertape:

    1. Go to the Tickertape Stock Screener
    2. Click on 'Semiconductor Stocks'.
    3. Analyse and sort the Semiconductor Stocks using over 200+ filters, including valuation ratios, financials, technical indicators, and more, based on your investment thesis.
    4. Review the filtered semiconductor share list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
    5. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Semiconductor Stocks.

    Disclaimer: Please do your own research or consult your financial advisor before investing.

  5. What are the factors affecting semiconductor stock prices?

    Several factors influence companies on a semiconductor stocks list in India:

      

    1. Global Demand: Increased demand for electronic devices, AI, and 5G technologies boosts semiconductor sales.

    2. Supply Chain Dynamics: Disruptions in the global supply chain can impact production and profitability.

    3. Government Policies: Initiatives like the Production Linked Incentive (PLI) scheme and the Semicon India Program affect semiconductor industry growth in India.

    4. Technological Advancements: Innovation in chip design and manufacturing processes can provide competitive advantages.

    5. Geopolitical Factors: Trade tensions and international relations can influence market dynamics and investor sentiment.

  6. What is the future projection of semiconductor stocks in India?

    As of 2026, the outlook for semiconductor manufacturing companies in India is supported by a semiconductor market projected to reach about $103.4 bn by 2030. Semicon 2.0 has a ₹1.275 lakh cr outlay, while 12 semiconductor projects had been approved across six states. Future stock performance will still depend on project execution, capacity utilisation, technology capabilities and global chip cycles.

    Disclaimer: Please note that this is not a recommendation, and investors should conduct their own research to fully understand the future outlook for any sector.

  7. How to choose Semiconductor stocks for investing?

    When analysing Indian semiconductor stocks, market participants often review business segments, financial performance, capacity expansion, technology partnerships, customer concentration and exposure to electronics, telecom, EVs, AI infrastructure and other semiconductor end-markets.Disclaimer: Please note that this is not a recommendation. Please conduct your own research or consult with your financial advisor before investing.

  8. Do the top semiconductor stocks in India offer regular dividends?

    Dividend policies vary across the top 5 semiconductor stocks in India and other semiconductor-linked companies. Some may distribute regular dividends, while others may prioritise expansion, capex or research. Investors can compare payout history and dividend yields using the Tickertape Stock Screener. Disclaimer: Dividend payouts are not guaranteed and can fluctuate based on the company's performance, market conditions, and internal policies. Always review the company's dividend history and financial health before making investment decisions.

  9. Are semiconductor stocks a good investment for the long term?

    Whether semiconductor stocks suit a long holding period depends on factors such as project execution, technology adoption, utilisation levels and global semiconductor cycles. Tickertape does not recommend any stock, and the answer differs from company to company.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  10. How do semiconductor stocks perform in volatile markets?

    Both established semiconductor companies and semiconductor penny stocks in India can experience sharp price movements during volatile markets due to changing chip cycles, supply-chain disruptions, shifts in demand, technology changes and broader economic conditions.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.