India's Syrma SGS Technology jumps 20% as Q3 profit jumps over three-fold

Syrma SGS Technology

29/01/2025 07:31

** Shares of Syrma SGS Technology  SYRM.NS  jump by an
exchange-allowed maximum of 20% to touch 505.10 rupees
    ** Electronics design co's Q3 consol net profit jumps over
three-fold to 487.9 mln rupees ($5.6 mln), driven by strength in
auto and industrial segments 
    ** Stock on track to log busiest trading session in three
months, volumes at 7.1x the 30-day avg 
    ** Still, SYRM down ~14% for the month, on track to log
biggest monthly fall since listing in August 2022 
    ** Nifty 500  .NIFTY500 , which SYRM is a constituent of, is
down ~5% so far in Jan 
    



($1 = 86.5725 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))