India's Syngene International falls to four-year low after Jefferies' downgrade

Syngene International

27/01/2026 06:17

** Shares of Syngene International SYNN.NS fall as much as 8.1% to 506 rupees, lowest level since March 2021

** On Friday, co slashed FY26 revenue estimate from above 5% to 3-5%

**Jefferies downgrades stock to "underperform"; PT to 480 rupees from 660 rupees

** Says contract research firm missed revenue, EBITDA estimates; co's guidance was lowered due to destocking challenges; likely to impact FY27 too

** Adds, SYNN lacks a meaningful project pipeline, leading to growth stagnation

** More than 3 mln shares traded so far vs 30 day avg of 717,248 shares

** Stock fell 24.2% in 2025

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))