'I Wouldn't Buy EMS Stocks': Ajay Bets on Semiconductor Plays & Reveals His CG Power Investment

Why is Ajay avoiding EMS (Electronic Manufacturing Services) stocks despite the sector's popularity? In this candid discussion, he explains why he believes many EMS companies lack sustainable competitive advantages, own limited assets, and remain heavily dependent on government incentives while operating in low-value manufacturing. Instead of chasing the EMS theme, Ajay says he prefers businesses that are positioned higher up the value chain—particularly semiconductor-related opportunities. When asked whether that means he's invested in CG Power, his answer is a clear yes. This conversation dives into the difference between manufacturing businesses with durable moats and those that primarily benefit from policy tailwinds. If you're looking to understand where smart money could be headed in India's manufacturing and semiconductor ecosystem, this clip offers valuable insights. Why Ajay is avoiding EMS stocks The biggest risks in the EMS business model Why semiconductor plays look more attractive Why CG Power made it into his portfolio Manufacturing themes to watch in India #EMS #Semiconductors #CGPower #StockMarket #IndianStockMarket #Investing #Manufacturing #Stocks #ValueInvesting #GrowthInvesting #MakeInIndia #ShareMarket #Portfolio #Finance #InvestmentStrategy Moneycontrol is India’s leading financial portal, offering market news, expert analysis, and powerful tools. A part of Network18, moneycontrol.com is India’s most trusted destination for financial and business news. #live #livenews #latestnews #topnews #moneycontrol #moneycontrollive #businessnews #businessnewslive #stockmarket #stockmarket #sharemarketnews #stockmarketliveupdates Subscribe: https://bit.ly/moneycontrolyoutube Follow us: Visit https://www.moneycontrol.com/ Facebook: /moneycontrol Twitter: /moneycontrolcom Instagram: /moneycontrolcom