Week Ending: 28 August 2026

India IN Technology Industry

Electronic Components

For the week ending 28 August 2026, Electronic Components advanced 5.79% with 8 advancing, 1 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

86 technical evidence
Index22615.42 1 week5.79% Breadth89% Members9
Country 🇮🇳 India · IN
Sector Technology
Universe country-listed
Price basis Adjusted weekly close

Trend architecture

Index, activity fan and structural anchors

Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.

Index Value Trend Line Fair Value Activity Lines Constructive architecture Transitional architecture Defensive architecture
Current architecture Upward Expansion 15 completed weeks in this state
Trend acceptance 31.1% Index versus Trend Line
Persistence 100% Positive across every horizon
Participation 89% 8 advancing, 1 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Positioning window open

Trend, participation and relative evidence are sufficiently aligned for selective exposure.

86 technical evidence
out of 100
Evidence balance

Five-pillar map

Position
Trend
90
Breadth
76
Persistence
83
Relative
100
Risk quality
80
What supports the view
  • The index remains above a constructive Trend gate.
  • Participation is broad enough to support the index move.
  • Constituent trends show positive multi-horizon persistence.
  • Relative performance is improving within its parent hierarchy.
What restrains conviction
  • The index is extended well above current Fair Value, increasing chase risk.
  • Positive contribution is concentrated in a small leadership cohort.
Independent sentiment overlay Sentiment held separate

Qualified news coverage is too thin to alter the technical positioning view.

Evidence that would change the view
  1. A completed weekly close below the Trend Line at 17,255.76 would weaken the constructive case.
  2. Breadth falling below 45% while the index holds up would signal narrowing leadership.
  3. A turn to negative 13 and 26-week parent-relative performance would remove the rotation edge.

This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.

Trend state and durability

Architecture, persistence and constituent regimes

The index path is tested against the underlying security-level trend evidence.

Index architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

State age15 weeks
Trend gateUp
Fan width13.03%
Fast versus slow change0.38 pts
Above 83% Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.

13-week
32.8%
26-week
51.9%
39-week
42.8%
52-week
41.4%
Regime age21 weeks 52-week flips4 52-week boundary15998.84
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive44%
Coherent negative0%
Average horizon agreement83%
Positive horizon share78%
Weakening positives1
Repairing negatives1

9 constituents measured as of 28 Aug 2026. Median trend age is 23 weeks.

Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing22%2 securities
Stage 2 · Advancing67%6 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining11%1 securities
Re-acceleration watch0 Transition watch1 Relative strength leaders67% Fair Value repairs2

Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

75/100 mean confidence
Upward expansion
56% 5
Rotation up
11% 1
Deceleration
22% 2
Balance
0% 0
Rotation down
11% 1
Downward expansion
0% 0
Unresolved
0% 0

Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.

Capital rotation

Performance relative to Technology

Improving
Relative index 13-week relative trend Starting level
Rotation dashboard Improving

A rising relative line means this group is compounding faster than Technology. A falling line means capital has done better in the parent benchmark.

Relative index175.0
13-week trend156.7
4-week trend change5.01%
Weekly peer rank1 of 9
1 week
4.6 pts relative
4 weeks
9.3 pts relative
13 weeks
26.5 pts relative
26 weeks
34.2 pts relative
52 weeks
43.7 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Broad
Advancing
8
Declining
1
Unchanged
0
4-week average 67%
13-week average 63%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility33.4%
Drawdown from 52-week high0.0%
Positive weeks, last 1385%
Current directional run5 weeks
Turnover versus 13-week norm119%
Breadth impulse27.8 pts
Cross-section

Return distribution

9 measured
Q1 1.4% Median 2.4% Q3 11.5%
Average winner6.8%
Average loser-2.4%
Dispersion6.0 pts
Top-five upside share93%
Top-five capital share88%
Capital data coverage100%

Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.

Momentum cycle

30-week persistence

Positive readings show expansion. Negative readings show contraction.

Breadth cycle

Net participation

Advancers less decliners as a percentage of measured constituents.

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence
Sentiment evidence is still developing

Qualified company-level news coverage is not yet broad enough to influence the group view.

0 qualified records across 9 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 MICELMIC Electronics Limited
14.62% 2 CYIENTDLMCyient DLM Limited
13.58% 3 IKIOIKIO Technologies Limited
11.51% 4 KRNKRN HEAT EXCHANGE N REF L
8.61% 5 SYRMASyrma SGS Technology Limited
2.43%

Weakest edge

9 PGELPG Electroplast Limited
-2.45% 8 CENTUMCentum Electronics Limited
0.28% 7 KAYNESKaynes Technology India Limited
1.37% 6 AVALONAvalon Technologies Limited
2.19% 5 SYRMASyrma SGS Technology Limited
2.43%

Constituent ledger

Industry constituents

All 9 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 MICEL MIC Electronics Limited NSI 9.08B 41.54 1.62 pts
14.62%
2 CYIENTDLM Cyient DLM Limited NSI 63.13B 819.10 1.51 pts
13.58%
3 IKIO IKIO Technologies Limited NSI 14.84B 213.72 1.28 pts
11.51%
4 KRN KRN HEAT EXCHANGE N REF L NSI 98.97B 1,609.70 0.96 pts
8.61%
5 SYRMA Syrma SGS Technology Limited NSI 283.95B 1,474.30 0.27 pts
2.43%
6 AVALON Avalon Technologies Limited NSI 148.16B 2,231.70 0.24 pts
2.19%
7 KAYNES Kaynes Technology India Limited NSI 271.04B 3,943.10 0.15 pts
1.37%
8 CENTUM Centum Electronics Limited NSI 49.24B 3,448.60 0.03 pts
0.28%
9 PGEL PG Electroplast Limited NSI 168.22B 585.85 -0.27 pts
-2.45%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context