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SYRMA — Syrma SGS Technology News Story

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India's Syrma SGS Tech gains most in over 3 months after Q1 profit doubles

BUZZ-India's Syrma SGS Tech gains most in over 3 months after Q1 profit doubles

** Shares of Syrma SGS Technology SYRM.NS rise 6.3% to 1,427.4 rupees, their sharpest gain since mid-April

** Electronics maker's Q1 profit nearly doubles Y/Y, beating Jefferies' estimates

** Jefferies says Q1 benefited from a weak year-ago base, when company was recalibrating its product mix

** Over 2.2 mln shares traded, 1.8x the 30-day avg

** Stock rated "buy" on avg; median PT 1,185 rupees - data compiled by LSEG

** Stock up 90% YTD


(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

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