India's Syrma SGS gains on Investec upgrade

Syrma SGS Technology

04/03/2025 07:04

** Shares of Syrma SGS Technology SYRM.NS rise 2% to 426.7 rupees

** Investec upgrades rating on co to "hold" from "sell"; maintains PT of 460 rupees

** The brokerage says rating upgrade post sharp share price correction, sees reasonable valuation

** Adds, co valued 25x its projected price-to-earnings ratio for FY27

** 19 analysts covering the stock on avg have a "buy" rating; median PT is 580 rupees - data compiled by LSEG

** Stock down 29% YTD

 (Reporting by Ashna Teresa Britto in Bengaluru)

 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))