India's Synergy Green hits over 1-yr high on 25% revenue growth forecast

Synergy Green Industries

23/06/2023 05:10

** Shares of Synergy Green Industries Ltd  SYNR.NS  up as
much as 15.4% to 206 rupees, their highest since April 21, 2022
    ** Wind turbine castings maker on Thursday, in an investor
presentation after market hours, said it forecasts a revenue
growth of 25% for next two years
    ** Says capacity expansion in progress to increase from
30,000 MT to 45,000 MT by FY25-26 and should further increase to
100,000 MT by FY26-27
    ** Over 123,000 shares change hands by 09:33 a.m. IST, 2.1x
the 30-day moving avg
    ** As of last close, stock up ~33% so far this year


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))