Shares of Syrma SGS Know-how Ltd are buying and selling flat after touching a day’s excessive of Rs 728.75 on 18th July, regardless of the corporate’s latest three way partnership announcement with South Korea’s Shinhyup Electronics to fabricate multi-layer Printed Circuit Boards (PCBs).
As per a inventory alternate submitting on fifteenth July, the JV will even produce versatile PCBs and associated merchandise, with Syrma SGS holding a 75% stake and Shinhyup Electronics the remaining 25%.
The Chennai-based firm’s inventory has seen sturdy momentum over the previous month, rising almost 35%. On ninth July, shares jumped round 8% after studies instructed that the corporate plans to construct India’s largest multi-layer PCB and Copper Clad Laminate (CCL) manufacturing facility in Andhra Pradesh.
Later, Syrma SGS clarified that it had held discussions with the Ministry of Electronics and the Andhra Pradesh authorities in June concerning land allocation and incentives.
The corporate has additionally accredited a decision for a professional institutional placement (QIP) of as much as Rs 1,000 crore to assist acquisitions or capital spending below the federal government’s element manufacturing coverage.
In This autumn FY25, Syrma SGS posted over 12% EBITDA margin, pushed by a beneficial product combine. For FY26, it expects EBITDA margins of round 8%, amounting to roughly Rs 400 crore.
At 12:12 PM, the shares of Syrma SGS had been buying and selling 0.69% increased at Rs 719.15 on NSE.
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