Syrma SGS Technology shares surged 6% in early trade after JPMorgan initiated coverage with an ‘Overweight’ rating, calling the company a “Dark Horse” in the EMS space. The brokerage praised Syrma’s strong margin performance and growing momentum in electronics manufacturing services (EMS) exports.
JPMorgan has also labeled the EMS space in India as a “sunrise sector,” predicting a 32% revenue CAGR between FY25 and FY30. The optimism is driven by the rising electronics content in products, the Make-in-India policy push, and global supply chain diversification efforts.
Syrma SGS Technology shares opened at ₹627 and, at the time of writing, touched an intraday high of ₹656.80, which is also the stock’s new 52-week high. The day’s low stood at ₹621.50. With this move, the stock continues its upward trend from the 52-week low of ₹370.
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