India's Syrma SGS rises as Axis Capital lifts price target on earnings outlook

Syrma SGS Technology

25/09/2026 07:10

** Electronic components maker Syrma SGS SYRM.NS shares rise as much as 2.6% to 1,742.7 rupees after Axis Capital reiterates its "buy" rating and raises its target price 
** Brokerage lifts its target to 1,956 rupees from 1,605 rupees, implying 15% upside 
** Axis says the company's 67.7 billion rupees order book as of June supports strong growth visibility 
** Expects the diversified backlog to drive revenue growth across consumer, automotive, industrial and healthcare segments
** Brokerage also flags Syrma's PCB backward-integration project as a significant long-term earnings opportunity
** Forecasts revenue and earnings CAGR of 34% and 43%, respectively, over FY2026-FY2029
** SYRM is up 134.2% so far in 2026
** Average rating of 24 analysts is "buy", with a median price target of 1,615.5 rupees, LSEG data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))