Syrma SGS Technology Hits 52-Week High Amid Plans for Largest PCB Facility in India

Syrma SGS Technology's stock rallied 8% on heavy volumes after reports emerged of the company setting up India's largest PCB and CCL manufacturing facility in Andhra Pradesh. The investment is expected to be around ₹1,800 crore. JPMorgan initiated coverage on the stock, giving it an "Overweight" rating, citing growth acceleration and margin expansion. Ind-Ra expects strong demand for the company's products to support revenue growth and improved margins in the near-to-medium term.