India's Syrma SGS hits record high; report says Andhra Pradesh approves plant incentive

Syrma SGS Technology

04/09/2025 09:11

** Syrma SGS Technology SYRM.NS jumps 4.2% to a record high of 824 rupees, set for sixth straight session of gains

   **  Andhra Pradesh government approves a 8.56 bln rupees ($97.8 mln) incentive package for co for a mega printed circuit board plant, news website Moneycontrol reports citing sources

** Report adds, project to be commissioned by October 2026 and is expected to add 62 bln rupees to top line of Syrma in FY 2027

** Syrma did not immediately respond to a request for comment

** Avg rating of 23 analysts is "buy", median PT is 750 rupees-LSEG data

** YTD stock up ~34%

($1 = 87.5060 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))