Xi’s fraying ties with West make China+1 real theme in India festive season

Companies in India release their September quarter earnings around the Diwali festival, the high season for domestic consumption. No surprise then that this is when analysts run a reality check on the country’s billion-plus shoppers: How many of them took a home loan, ordered a fresh coat of paint, bought a phone? There’s a more pressing question this year: How did Dixon do?

Even last year, stocks like Dixon Technologies (India) Ltd., which makes LED TVs for Samsung Electronics Co., or Amber Enterprises India Ltd., an air-conditioner parts supplier to LG Electronics Inc., were relatively unknown entities. But now there’s a growing excitement around homegrown firms that could one day become just as large and important as the contract manufacturing giant Flex Ltd., formerly Flextronics.