India's Syrma SGS Technology jumps after Investec upgrades to 'buy'

Syrma SGS Technology

24/03/2026 07:11

** Shares of India's Syrma SGS Technology SYRM.NS jump 6.16% to 792.30 rupees

** Investec upgrades stock to "buy", raises TP to 945 rupees from 885 rupees citing corrective steps over past 18 months like curtailing low-margin telecom business and scaling exports and non-consumer segments

** Brokerage says benefits visible in revenue growth and margin expansion, sees EBITDA margins sustaining above 10% with improving return ratios

** Adds valuation at about 26 times FY28 estimated earnings remains attractive as earnings outlook improves

** Stock rated "buy" on average by 33 analysts, median PT at 934.50 rupees-- LSEG data

** YTD, stock up 1.75%

 (Reporting by Surbhi Misra in Bengaluru)

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