India's Syrma SGS rises on manufacturing agreement with Kaga Electronics

Syrma SGS Technology

23/06/2026 05:07

** Shares of Syrma SGS SYRM.NS up 3.1% at 1,378 rupees, stock set for second straight session of gains
** Electronic manufacturing services co and Japan's Kaga Electronics enter manufacturing agreement to establish EMS facility in India
** Co to hold up to 60% stake in proposed JV company, while Kaga will hold up to 40% stake
** Stock rated as "Buy" on average by 22 analysts; median PT at 1,184 rupees - LSEG compiled data
** YTD, stock up 87.1%
     
     

 (Reporting by Mridula Kumar in Bengaluru)
 ((Mridula.Kumar@thomsonreuters.com;))