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Syrma SGS Technology Hits 52-Week High Amid Plans for Largest PCB Facility in India
ByAinvest
Wednesday, Jul 9, 2025 1:42 am ET1min read
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.
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