Syrma SGS Technology stock surges 34% in 6 sessions following strong Q3 numbers
1 month, 3 weeks ago

Syrma SGS Technology stock surges 34% in 6 sessions following strong Q3 numbers

Live Mint  

Shares of Syrma SGS Technology, a leading Electronic Systems Design and Manufacturing company, have witnessed a sharp rebound, surging 34% over the past six sessions to the previous close of ₹563.45. The company's current order book stands at ₹53 billion, with the consumer segment contributing 40%, industrial 30%, and automotive 30%, while the rest comes from healthcare, railways, and other sectors. Stock delivers 110% return in 2 years From a trading price of ₹255 per share two years ago, the stock has surged 110% to its current market price of ₹534 per share. Following the company's December quarter performance, domestic brokerage firm Kotak Institutional Equities upgraded its rating on the stock to 'Add' and raised its target price to ₹550 per share from the earlier target of ₹450 per share.

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