New Delhi, July 16 -- Shares of electronics manufacturing services (EMS) companies, including Dixon Technologies, Kaynes Technology, Syrma SGS Technology, Cyient DLM, and PG Electroplast traded higher on Thursday, July 16.

Cyient DLM share price emerged as the top gainer, surged as much as 7.40% to Rs.578.35 per share. Dixon Technologies and PG Electroplast shares rose up to 5%.

Meanwhile, Kaynes Technology and Syrma SGS Technology shares also gained up to to 3% on Thursday.

The rally followed the Union Cabinet's approval of two major manufacturing initiatives on Wednesday, with a combined investment of nearly Rs.1.9 lakh crore (about $22 billion).

The government cleared the Rs.1.27 lakh crore (around $14.6 billion) Semicon 2.0 progra...