India's 5G Gear Boom: Top Stocks to Watch

India's telecom equipment industry is entering a significant growth phase, with market projections indicating a potential doubling to $50 billion by FY32. This expansion includes a strong push towards becoming a manufacturing hub for 5G equipment, with companies like Ericsson already exporting India-made components.

HFCL has reported supplying over 8 lakh indigenous 5G devices and is expanding its manufacturing capacity, with significant export growth seen in FY26. Tejas Networks, part of the Tata group, has developed 5G technology and secured international orders, though it faced a substantial revenue decline in FY26.

Dixon Technologies is also involved in 5G equipment manufacturing through subsidiaries and joint ventures, expanding its capabilities in networking solutions. Its FY26 revenue saw healthy growth, though telecom equipment is part of a broader business portfolio.

These companies' ability to capitalize on India's 5G manufacturing opportunity will depend on effective execution, order fulfillment, and profitability. Investors are advised to consider individual company challenges and market dynamics.