Top Semiconductor Stocks & Shares in India (2026)
As of 2026, India’s semiconductor market is projected to grow from $52 bn in 2024 to $103.4 bn by 2030. Demand from AI, 5G, electric vehicles, telecom and consumer electronics is supporting this expansion, while government incentives and new manufacturing projects are strengthening the domestic semiconductor ecosystem.
Top Semiconductor Stocks in India (2026)
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Semiconductor Stock Screener: Analyse & Filter Indian Stocks on Tickertape
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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 LtdHCLTECH | IT Services & ConsultingIT Services & Consulting | 3,52,426.113,52,426.11 | 1,206.101,206.10 | 21.1821.18 | -0.07-0.07 | -11.32-11.32 | -10.68-10.68 | -17.82-17.82 | 4.694.69 | 22.9822.98 | 27.5827.58 | 4.164.16 | 0.070.07 | 2.062.06 | |
| 2. | Bharat Electronics LtdBEL | Electronic EquipmentsElectronic Equipments | 3,02,624.843,02,624.84 | 404.35404.35 | 49.9249.92 | -0.16-0.16 | -0.22-0.22 | -10.96-10.96 | 4.994.99 | 12.6112.61 | 27.5527.55 | 31.9131.91 | 0.600.60 | 0.000.00 | 1.811.81 | |
| 3. | ABB India LtdABB | Heavy Electrical EquipmentsHeavy Electrical Equipments | 1,57,320.781,57,320.78 | 7,274.007,274.00 | 94.3094.30 | -0.75-0.75 | -4.91-4.91 | 15.8315.83 | 39.4039.40 | 20.0820.08 | 22.3822.38 | 28.4528.45 | 0.530.53 | 0.010.01 | 2.112.11 | |
| 4. | Hitachi Energy India LtdPOWERINDIA | Heavy Electrical EquipmentsHeavy Electrical Equipments | 1,52,392.911,52,392.91 | 31,435.0031,435.00 | 154.27154.27 | 0.770.77 | -13.23-13.23 | 25.9725.97 | 61.6261.62 | 29.4429.44 | 21.0421.04 | 25.2025.20 | 0.020.02 | 0.020.02 | 3.113.11 | |
| 5. | CG Power and Industrial Solutions LimitedCGPOWER | Heavy Electrical EquipmentsHeavy Electrical Equipments | 1,36,591.521,36,591.52 | 909.00909.00 | 113.23113.23 | -0.61-0.61 | 3.893.89 | 25.1525.15 | 15.7715.77 | 16.6616.66 | 19.7219.72 | 19.5719.57 | 0.150.15 | 0.010.01 | 2.402.40 | |
| 6. | Polycab India LimitedPOLYCAB | Electrical Components & EquipmentsElectrical Components & Equipments | 1,35,096.661,35,096.66 | 8,241.008,241.00 | 50.5650.56 | -1.40-1.40 | -11.15-11.15 | 10.9210.92 | 13.9313.93 | 11.1411.14 | 24.2524.25 | 30.8530.85 | 0.520.52 | 0.020.02 | 2.182.18 | |
| 7. | Vedanta LtdVEDL | Metals - DiversifiedMetals - Diversified | 1,08,925.941,08,925.94 | 263.70263.70 | 6.266.26 | -1.99-1.99 | -7.44-7.44 | -2.34-2.34 | 60.9960.99 | 1.591.59 | 28.4328.43 | 16.5016.50 | 12.2012.20 | 0.480.48 | 2.562.56 | |
| 8. | Dixon Technologies (India) LtdDIXON | Home Electronics & AppliancesHome Electronics & Appliances | 90,796.0690,796.06 | 13,425.0013,425.00 | 63.1163.11 | -0.56-0.56 | -4.89-4.89 | 26.4426.44 | -25.59-25.59 | 16.8616.86 | 32.4632.46 | 34.2734.27 | 0.070.07 | 0.180.18 | 2.732.73 | |
| 9. | Havells India LtdHAVELLS | Electrical Components & EquipmentsElectrical Components & Equipments | 79,574.8279,574.82 | 1,111.001,111.00 | 47.0747.07 | -0.45-0.45 | -13.49-13.49 | -18.64-18.64 | -29.43-29.43 | 8.408.40 | 18.9818.98 | 22.5222.52 | 0.790.79 | 0.030.03 | 1.661.66 | |
| 10. | Tata Elxsi LtdTATAELXSI | Software ServicesSoftware Services | 23,100.6823,100.68 | 3,383.003,383.00 | 36.7636.76 | -0.76-0.76 | -11.21-11.21 | -22.11-22.11 | -41.19-41.19 | 7.607.60 | 21.3021.30 | 26.3026.30 | 2.022.02 | 0.050.05 | 2.212.21 | |
| 11. | V Guard Industries LtdVGUARD | Electrical Components & EquipmentsElectrical Components & Equipments | 14,504.7814,504.78 | 323.70323.70 | 47.0447.04 | -1.54-1.54 | 0.610.61 | 2.882.88 | -11.46-11.46 | 6.116.11 | 13.7913.79 | 16.1116.11 | 0.450.45 | 0.070.07 | 1.731.73 | |
| 12. | ASM Technologies LtdASMTEC | IT Services & ConsultingIT Services & Consulting | 6,674.436,674.43 | 6,895.106,895.10 | 109.87109.87 | -1.40-1.40 | 43.1543.15 | 196.61196.61 | 64.9164.91 | 21.7421.74 | 25.7325.73 | 23.9123.91 | 0.360.36 | 0.420.42 | 3.533.53 | |
| 13. | Moschip Technologies LtdMOSCHIP | Software ServicesSoftware Services | 3,992.293,992.29 | 210.29210.29 | 113.39113.39 | 1.741.74 | 1.721.72 | 23.7723.77 | -17.29-17.29 | 12.1712.17 | 11.2011.20 | 11.1011.10 | -- | 0.060.06 | 3.423.42 | |
| 14. | MIC Electronics LtdMICEL | Electrical Components & EquipmentsElectrical Components & Equipments | 873.43873.43 | 35.4935.49 | -69.10-69.10 | -1.00-1.00 | -2.90-2.90 | 1.601.60 | -50.54-50.54 | 4.034.03 | -5.75-5.75 | 10.1410.14 | -- | 0.200.20 | 3.273.27 | |
| 15. | Solex Energy LtdSOLEX | Industrial MachineryIndustrial Machinery | 834.22834.22 | 698.60698.60 | 8.698.69 | -0.94-0.94 | -22.88-22.88 | -20.55-20.55 | -49.25-49.25 | 5.165.16 | 40.4640.46 | 69.2669.26 | -- | 0.910.91 | 3.883.88 | |
| 16. | Surana Telecom and Power LtdSURANAT&P | CablesCables | 221.02221.02 | 16.1016.10 | 8.918.91 | 0.310.31 | -2.42-2.42 | -5.57-5.57 | -35.73-35.73 | 1.291.29 | 14.6714.67 | 16.5516.55 | -- | 0.040.04 | 2.572.57 |
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.
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
- 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.
- Outlay increase for electronics manufacturing: The Electronics Components Manufacturing Scheme outlay was raised to ₹40,000 cr to fortify domestic electronics supply chains.
- Promotion of high-skill research and training centres: The budget encourages industry-led research facilities and workforce training to support semiconductor ecosystem growth.
- 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:
- Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
- Search for Semiconductor Stocks: Go to Tickertape Stock Screener and set the “Return on Equity” filter
- 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.
- 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.
- Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
- 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!
Overview of Top 5 Semiconductor Stocks in India for 2026
HCL Technologies Ltd
HCL Technologies Ltd Founded in 1976 by Shiv Nadar, HCL Tech supports global semiconductor firms via chip design, embedded systems, and VLSI services. In April 2026, it expanded its semiconductor engineering services with new centres in Bengaluru and Austin.
Bharat Electronics Ltd
Established in 1954, BEL is advancing indigenous chip design for defence-grade components. In June 2026, it opened a new fab in Pune and partnered with SCL for co-developing integrated circuits.
Vedanta Ltd
Founded in 1976 by Anil Agarwal, Vedanta is building a semiconductor fabrication facility in Gujarat. In May 2026, it finalised a deal with a Taiwanese foundry, with a projected $8B investment under India’s chip mission.
ABB India Ltd
Operating since 1949, ABB India aids chipmaking indirectly through automation and power solutions. In March 2026, it launched cleanroom automation systems for fabs and partnered with new semiconductor parks.
CG Power and Industrial Solutions Ltd
Founded in 1937, CG Power is building India’s first OSAT facility with Renesas and Stars Microelectronics. Construction began in April 2026 in Gujarat under India’s PLI scheme.
You can also visit Tickertape Stock Screener to get a detailed update on the top semiconductor companies in India for 2026.
What are Semiconductor Stocks?
Semiconductor 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.
Overview of the Semiconductor Industry in India
- Industry Growth: India’s semiconductor industry entered a new growth phase in 2026, supported by domestic chip manufacturing, advanced packaging and semiconductor design initiatives.
- Government Support: The government expanded policy support through the India Semiconductor Mission and approved Semicon 2.0 with an outlay of ₹1.27 lakh cr.
- Design and Manufacturing: India continued to build on its strength in semiconductor design services while investing in fabrication, ATMP, OSAT and display manufacturing facilities.
- Rising Investments: Approved semiconductor projects represented investments of more than ₹1.64 lakh cr, reflecting stronger government and private-sector participation.
- Production Expansion: Several semiconductor facilities moved from planning and construction towards production, with additional manufacturing units expected to begin operations during 2026.
- Global Participation: Global and domestic companies increased investments in chip packaging, testing, electronics manufacturing and related semiconductor supply chains.
- 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
- Market Shifts: Broader market fluctuations influence semiconductor demand and supply, which impacts stock performance.
- Tech Advancements: Emerging technologies like AI and 5G increase chip usage, which affects company valuations.
- Global Disruptions: Events such as chip shortages or economic slowdowns can reduce revenue and create volatility.
- Investor Sentiment: Market expectations around regulation or innovation often influence semiconductor stock prices.
- Innovation Focus: Companies that lead in innovation may gain in valuation, while others may fall behind.
- Trend Insights: Tracking industry trends helps investors identify growth opportunities and potential risks.
Features of Semiconductor Stocks
Sector Cyclicality
Semiconductor stocks often follow global chip cycles. Periods of strong demand can support revenue growth, while inventory corrections and excess capacity can pressure prices and earnings.
Global Linkages
Indian semiconductor stocks remain connected to global electronics demand, chip prices and supply chains. Developments in the US, China, Taiwan and South Korea can affect sentiment.
High Growth Expectations
Share prices often reflect expectations around AI, electric vehicles, data centres and electronics manufacturing. Valuations may rise before new projects begin generating meaningful revenue.
Policy Sensitivity
Government incentives, import duties and manufacturing schemes can influence semiconductor-related companies. Policy announcements may affect project viability, capital expenditure plans and investor expectations.
Technology-Led Performance
Product innovation and technology shifts can influence stock performance. Demand may move quickly towards advanced chips, power semiconductors, sensors or specialised components used in emerging applications.
Advantages of Best Semiconductor Stocks in India for 2025
Growing Chip Demand
India’s semiconductor market could reach $100–110 bn by 2030, up from about $45–50 bn in 2024–2025, supporting long-term demand across the domestic chip value chain.
Manufacturing Expansion
India approved 10 semiconductor projects worth ₹1.60 lakh cr across six states by December 2025, creating opportunities for listed suppliers, equipment makers and electronics manufacturers.
Government Incentives
Government support under ISM 1.0 offered fiscal assistance of up to 50% for eligible fabs, compound semiconductor facilities, packaging units and domestic chip-design programmes.
Electronics Growth
Rising domestic electronics production expands semiconductor demand. Smartphone exports reached ₹2.59 lakh cr in FY26, strengthening the business case for local components and chip-related manufacturing.
Varied Exposure
Semiconductor exposure can span design, manufacturing, packaging, testing and industrial equipment. This allows investors to assess businesses with different growth drivers rather than a single operating model.
Risks of Investing In Semiconductor Stocks
Project Execution
Semiconductor projects require substantial capital before generating revenue. Construction delays, cost overruns or slower capacity utilisation can weaken cash flows and extend the period needed to recover investments.
Demand Cycles
Chip demand follows global technology and inventory cycles. A slowdown in smartphones, automobiles, or data centres can reduce orders, put pressure on prices, and lower utilisation rates.
Import Dependence
Indian manufacturers still depend on imported equipment, materials and intellectual property. Currency movements, export controls or geopolitical restrictions can raise costs and disrupt project timelines.
Technology Obsolescence
Semiconductor technologies change rapidly. Companies investing in older processes or products may face weaker demand if customers shift towards more efficient, advanced or specialised chips.
Commercial Uncertainty
Policy incentives support project economics, but approvals and subsidies do not guarantee commercial success. Companies must still secure customers, achieve reliable yields and compete with established global manufacturers.
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Factors to Consider Before Investing in Semiconductor Stocks in India
Revenue Exposure
The share of revenue linked directly to semiconductor operations can vary across companies. Diversified businesses may have limited earnings exposure to their semiconductor-related activities.
Project Progress
Project approvals, funding, construction progress and production timelines can affect future revenue visibility. Announced fabrication, packaging or testing projects may take several years to become operational.
Financial Position
Debt levels, cash flows, capital expenditure and funding requirements can influence financial performance. Semiconductor projects usually require large investments and long development periods.
Customer Base
Customer concentration and end-market exposure can affect earnings stability. Dependence on a few clients or sectors may increase sensitivity to changes in orders and demand cycles.
Valuation Levels
Share prices may reflect expectations around future semiconductor growth before projects generate meaningful revenue. Valuation levels can therefore move independently of current earnings and operating performance.
Conclusion
India's semiconductor industry is experiencing growth, with the market expected to reach USD 100.2 bn by 2032, up from USD 34.3 bn in 2023. Government initiatives such as the India Semiconductor Mission (ISM) aim to reduce dependency on imports. Market trends, technological advancements, and global supply chain dynamics influence the performance of semiconductor stocks in the Indian share price. As India strengthens its position, looking into the top 50 semiconductor companies in India can provide valuable insights. Investors may track the semiconductor share price in India to understand market movements and potential opportunities better with Tickertape Stock Screener for analysis.
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Frequently Asked Questions on Semiconductor Stocks
What are Semiconductor Stocks?
Semiconductor stocks represent shares of companies involved in the design, manufacturing and supply of semiconductor components, commonly known as chips. These chips power smartphones, computers, automobiles and other electronic devices. Semiconductor stocks provide exposure to a sector driven by AI, IoT, 5G and growing electronics demand.Which is the best semiconductor stock in India?
Here are the top 5 best semiconductor stocks in India, sorted by market capitalisation:
- HCL Technologies Ltd
- Bharat Electronics Ltd
- Vedanta Ltd
- CG Power and Industrial Solutions Ltd
- ABB India Ltd
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing in anything.
How to invest in the best semiconductor stocks in India in 2026?
Here’s how you can explore semiconductor stocks in NSE using Tickertape:
- Go to the Tickertape Stock Screener
- Click on 'Semiconductor Stocks'.
- Analyse and sort the Semiconductor Stocks using over 200+ filters, including valuation ratios, financials, technical indicators, and more, based on your investment thesis.
- Review the filtered semiconductor share list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
- 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.What are some of the top semiconductor stock companies listed on NSE?
Some of the leading semiconductor companies in India listed on the NSE include:
- Bharat Electronics Ltd
- HCL Technologies Ltd
- Vedanta Ltd
- CG Power and Industrial Solutions Ltd
- Dixon Technologies (India) Ltd
To gain a clear outlook on the top 10 semiconductor stocks in India, you can conduct your analysis with Tickertape Stock Screener.
Disclaimer: Please note that the above semiconductor share list is for educational purposes only, and is not recommendatory. Please conduct your own research or consult with your financial advisor before investing.What are the factors affecting semiconductor stock prices?
Several factors influence semiconductor stocks in India:
- Global Demand: Increased demand for electronic devices, AI, and 5G technologies boosts semiconductor sales.
- Supply Chain Dynamics: Disruptions in the global supply chain can impact production and profitability.
- Government Policies: Initiatives like the Production Linked Incentive (PLI) scheme and the Semicon India Program affect semiconductor industry growth in India.
- Technological Advancements: Innovation in chip design and manufacturing processes can provide competitive advantages.
- Geopolitical Factors: Trade tensions and international relations can influence market dynamics and investor sentiment.
What is the future projection of semiconductor stocks in India?
As of 2026, India’s semiconductor market is projected to reach about $103.4 bn by 2030, supported by electronics, automotive, telecom, AI and data-centre demand. The government has also approved Semicon 2.0 with a ₹1.275 lakh cr outlay. India had 12 approved semiconductor projects across six states by July 2026, with three facilities already in commercial production. These developments may expand opportunities for companies linked to semiconductor manufacturing in India, although stock performance will 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.
How to choose Semiconductor stocks for investing?
When analysing semiconductor companies in India, market participants often review business segments, financial performance, capacity expansion, technology partnerships, customer base and exposure to electronics, telecom and EV demand. Disclaimer: Please note that this is not a recommendation. Please conduct your own research or consult with your financial advisor before investing.Do the top semiconductor stocks in India offer regular dividends?
Dividend policies vary across companies. Some semiconductor stocks may pay regular dividends, while others may prioritise business expansion. Investors can review company announcements, 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.Are semiconductor stocks a good investment for the long term?
India's focus on chip self-reliance, rising electronics demand and expanding manufacturing capacity supports the long-term development of semiconductor manufacturing in India. However, future outcomes depend on execution, technology adoption and global market conditions. Disclaimer: Please note that this is not a recommendation. Please conduct your own research or consult with your financial advisor before making an investment.How do semiconductor stocks perform in volatile markets?
Both established semiconductor companies and semiconductor penny stocks in India can experience price volatility due to changing technology cycles, global supply chains, demand fluctuations and broader economic conditions.
