India's Syrma SGS Tech rises as brokerage Antique sees strategic partnerships driving growth
BUZZ-India's Syrma SGS Tech rises as brokerage Antique sees strategic partnerships driving growth ** Shares of India's Syrma SGS Technology SYRM.NS rise 3.72% to 1,448.10 rupees
** Antique Stock Broking maintains "buy" and raises target price to 1,601 rupees from 1,310 rupees, citing strategic partnerships and margin expansion
** Brokerage says JV with Japan's Kaga Electronics opens access to Japanese market, while other partnerships strengthen capabilities in high-margin electronics and multilayer printed circuit boards
** Sees revenue and EBITDA growing at 29% and 30% CAGR, respectively, through FY26-FY28, supported by expanding order book
** Expects strategic initiatives to transform company from volume-led electronics manufacturing services player into higher-margin manufacturing platform
** YTD, Syrma stock up 98.16%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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