SYRMA

** Syrma SGS Technology SYRM.NS rises as much as 5.98% to 856.4 rupees; last up 4%

** Electronics manufacturer posts 77% surge in net profit in September quarter

** Morgan Stanley, Jefferies attribute strong results to rising sales, lower interest costs, improving product mix

** Macquarie sees results as beat in profitability terms vs brokerages' expectations

** Meanwhile, co planning to buy majority stake in Elcome Integrated systems, marking foray into defence, maritime business

** SYRM gains 43.5% YTD

(Reporting by Bharath Rajeswaran in Bengaluru)

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Nov 10 (Reuters) - Syrma SGS Technology SYRM.NS:

• SEPT-QUARTER CONSOL NET PROFIT 640.6 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 11.46 BILLION RUPEES

Source text: ID:nBSE9PVwn0

Further company coverage: SYRM.NS

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** Syrma SGS Technology SYRM.NS jumps 4.2% to a record high of 824 rupees, set for sixth straight session of gains

** Andhra Pradesh government approves a 8.56 bln rupees ($97.8 mln) incentive package for co for a mega printed circuit board plant, news website Moneycontrol reports citing sources

** Report adds, project to be commissioned by October 2026 and is expected to add 62 bln rupees to top line of Syrma in FY 2027

** Syrma did not immediately respond to a request for comment

** Avg rating of 23 analysts is "buy", median PT is 750 rupees-LSEG data

** YTD stock up ~34%

($1 = 87.5060 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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** Syrma SGS Technology SYRM.NS rises 2% to 735 rupees

** JPMorgan maintains "overweight"; raises PT to 950 rupees from 880 rupees, implying 32% upside from last close

** Expects co to be third-fastest growing EMS firm in India

** Forecasts 30% revenue CAGR over FY25–28, led by industrial, automotive segments

** Bakes in 10 bln-rupee ($115 mln) QIP at 699 rupees/share, citing higher interest income, increased share count

** Raises FY26–28 EPS forecasts by 5%–9% on QIP proceeds, with additional upside if new acquisitions occur

** Stock rated "buy" on avg; median PT is 750 rupees, per data compiled by LSEG

** SYRM gains 24.4% YTD

($1 = 86.9437 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

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Aug 12 (Reuters) - Syrma SGS Technology Ltd SYRM.NS:

• SYRMA SGS TECHNOLOGY - APPROVED QIP ISSUE PRICE OF 699 RUPEESPER SHARE

Source text: ID:nNSE8XkVHk

Further company coverage: SYRM.NS

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** J.P. Morgan expects India’s electronic manufacturing services (EMS) sector to grow rapidly, supported by the Make in India push, rising electronics demand, and global supply chain shifts under the China+1 strategy

** Initiates coverage of Syrma SSG Technology SYRM.NS, Dixon Technologies DIXO.NS and Kaynes Technology KAYN.NS at "overweight"

** Brokerage expects EMS to continue its strong growth and forecasts a 32% revenue CAGR over FY25-30E, as it takes an increasing share of domestic electronics production

** Adds, outsourced semiconductor assembly and testing and printed circuit board manufacturing as emerging opportunities, with exports poised to be the next frontier

** Shares of SYRM, DIXO and KAYN rise between 2% and 3.1%

(Reporting by Rudra Pratap Singh in Bengaluru)

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** Syrma SGS Technology SYRM.NS falls 6.5% to 526.9 rupees, and is the biggest pct loser among Nifty 500 .NIFTY500 stocks

** The electronics design co's fourth-quarter revenue falls 18% y/y on weakness in consumer and healthcare segments

** More than 3.2 million shares change hands on the day, ~2x six-month average daily volume

** Analysts, on average, rate the stock as "buy"; median PT 555 rupees, as per data compiled by LSEG

** YTD, SYRM stock down 11%

(Reporting by Vivek Kumar M)

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** Shares of Syrma SGS Technology SYRM.NS rise 2% to 426.7 rupees

** Investec upgrades rating on co to "hold" from "sell"; maintains PT of 460 rupees

** The brokerage says rating upgrade post sharp share price correction, sees reasonable valuation

** Adds, co valued 25x its projected price-to-earnings ratio for FY27

** 19 analysts covering the stock on avg have a "buy" rating; median PT is 580 rupees - data compiled by LSEG

** Stock down 29% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

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** 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)

(([email protected]; +918447554364;))

Jan 10 (Reuters) - Syrma SGS Technology Ltd SYRM.NS:

• MSI SELECTS SYRMA SGS TO MANUFACTURE 'MAKE IN INDIA' LAPTOPS

Source text: ID:nBSE3Pckqq

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** Shares of Syrma SGS Technology SYRM.NS gain 12.5% to 486 rupees, eye best day since late May

** Stock closed 13.9% higher in previous session on posting 30% Y/Y rise in Q2 consol profit after tax

** BOB Capital Markets hikes TP on stock to 480 rupees from 450 rupees, 11% premium to last close; keeps "hold"

** Says co's auto and healthcare business, which led growth in Q2, will drive future growth

** Motilal Oswal expects recovery in margins to continue, fuelled by higher exports, design and manufacturing businesses

** Co faces margin challenges as consumer segment, which comprises 35%-38% of topline, operates with lower margins, according to BOB Capital; management aims to lower this segment's share

** Analysts' rating on stock "buy", median PT 510 rupees - LSEG data

** Stock down ~27% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Oct 17 (Reuters) - Syrma SGS Technology Ltd SYRM.NS:

• TO INAUGURATE NEW MANUFACTURING FACILITY AT PUNE, MAHARASHTRA

Source text for Eikon: ID:nBSE9Gx1jK

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** Shares of electronic systems maker Syrma SGS Technology SYRM.NS fall as much as 9.3% to 423 rupees, hits lowest level since June 5

** SYRM on Monday reported a 32.3% fall in consolidated net profit to 193 million rupees

** Missed analyst estimates of 289 million rupees, per LSEG data

** Gross margins contracted by 7 percentage points (ppt) to 15% year-on-year, likely on mix change and intense competition, Investec analysts noted

** Despite operating leverage benefits, EBITDA margins stood at 3.8%, contracting by 2.3 ppt year-on-year - Investec

** Stock last down 1.6%, taking YTD losses to 31.4%

(Reporting by Anisha Ajith in Bengaluru)

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May 10 (Reuters) - Syrma SGS Technology Ltd SYRM.NS:

• FINAL DIVIDEND OF 1.5 RUPEES PER SHARE

• IN PRINCIPAL APPROVAL FOR RAISING OF FUNDS WORTH UP TO 10 BILLION RUPEES

Source text for Eikon: ID:nBSE6Y3gfR

Further company coverage: SYRM.NS

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** Shares of electronic products maker Syrma SGS Technology SYRM.NS up 1.8% at 483 rupees, trimming gains after jumping 4.1% earlier in the day

** Stock on track to snap two consecutive sessions of losses, if trend holds

** Jefferies initiates coverage with "buy," PT of 640 rupees per share

** Brokerage says the co's business is well-diversified with clients across industrial, consumer electronics, auto, medical, rail and others

** SYRM's target P/E for March 2026 EPS is 38x, aligning with historical trading averages - Jefferies

** Avg rating of 12 analysts close to equivalent of "buy," median PT is 604 rupees - LSEG data

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of Syrma SGS Technology SYRM.NS up 3% at 535 rupees, trimming gains after jumping 9.65% to 569.95 rupees in early trade

** Rise after CLSA initiates coverage of stock, citing strong runway for growth

** Diversified electronics manufacturing services company could see 36% revenue CAGR between fiscal 2023 and 2026, forecasts CLSA

** SYRM's plans to enter new segments like lighting, aerospace and healthcare, inorganic expansion plans, rise in addressable market and strong demand environment augur well for company - brokerage

** CLSA's target price of 645 rupees implies a 24% upside potential for shares in next 12 months

** Mean recommendation of 11 analysts, excluding CLSA, is equivalent to "buy"; median target price is 602.50 rupees - LSEG data

** Including day's gains, stock down 20% in 2024 so far after rising 139% previous year - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Syrma SGS Technology SYRM.NS drop 8.4% to 522.95 rupees apiece after profit drop

** Electronics product design and manufacturing firm's stock set for highest percentage drop in three months, when it reported weak Q2 results

** Dec qtr net profit halves Y/Y to 155.20 million rupees, hurt by 52% surge in raw material costs

** But, rev from ops jumps 38% Y/Y

** Stock has fallen over 20% already this year, compared to an over two-fold surge in 2023

** Mean recommendation of 11 analysts tracking SYRM is "buy"; median PT at 668.50 rupees, 28% above the current price - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Nov 24 (Reuters) - Syrma SGS Technology Ltd SYRM.NS:

• INCORPORATED UNIT SYRMA SEMICON

Source text for Eikon: ID:nBSEk036f

Further company coverage: SYRM.NS

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** India's domestic electronics industry is at an inflection point, says domestic brokerage Motilal Oswal and initiates coverage on five companies

** Motilal assigns "buy" to Kaynes Technologies KAYN.NS, Avalon Technologies AVAL.NS, Syrma SGS Technology SYRM.NS, Cyient DLM CYIT.NS and "neutral" to Data Patterns DATP.NS

** Adds electronics market evolving rapidly with the onset of electric vehicles (EVs), clearn energy, artificial intelligence and Internet of Things

** India's EMS industry's growth to be led by easy availability of low-cost labour and indigenization of raw materials - Motilal Oswal

** Believes EMS to be a sunrise sector in India propelled by government's PLI support to electronics ecosystem, China + 1 shift

** Shares of KAYN, AVAL, SYRM and CYIT, up between 0.2% and 1%; DATP down 2%

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

** Shares of Syrma SGS Technology SYRM.NS climb as much as 9.40% to a record high of 588 rupees

** Rise comes after the electronic components and products maker completes acquisition of 51% stake in electro-medical devices maker Johari Digital Healthcare for 2.30 billion rupees ($27.69 million)

** Acquisition to enhance co's capabilities in electro-medical devices segment, says SYRM

** Adds, acquisition will be earnings-accretive

** Trading volume is 1.97 mln shares as of 11:52 a.m. IST, 2.2x the 30-day avg - LSEG data

** Of ten analysts tracking SYRM, five maintain "strong buy", five suggest "buy"; median TP is 590 rupees

** SYRM's shares up ~106% in 2023 so far, including the day's gains

($1 = 83.0675 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

** Shares of Syrma SGS Technology SYRM.NS rise as much as 4.74% to a record 517.45 rupees

** Co appoints Satendra Singh as CEO, with immediate effect

** Relative strength index rises above 70 on Friday, suggesting stock may be overbought - Refinitiv data

** Of the eight analysts tracking SYRM, four have "strong buy," four "buy;" median TP is 570 rupees

** SYRM up ~83% this year

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

Aug 24 (Reuters) - Syrma SGS Technology Ltd SYRM.NS:

• NAMES SATENDRA SINGH AS CEO

Source text for Eikon: ID:nBSE8DqxB4

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** Shares of Zen Technologies ZETE.NS rise as much as 9.63% to 453.20 rupees, their sharpest intraday pct gain since May 17

** The maker of training simulators for armed forces secured order worth 2.02 billion rupees ($24.46 million) from Ministry of Defence, Government of India

** ZETE also foresees additional orders within the next quarter

** Over 1.6 mln shares traded as of 9:37 a.m. IST, 1.3x the 30-day avg - Refinitiv data

** Stock has surged more than 140% in 2023

($1 = 82.5750 Indian rupees)

(Reporting by Nishit Navin in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of New India Assurance Company THEE.NS rise as much as 3.59% to 122.50 rupees

** The general insurer logs 9.67% Y/Y growth in premium collections in May, per data from General Insurance Council

** Premium collections in 2023 till May up 10.16% Y/Y

** Stock last up 1.9%, trimming YTD losses to 4.2%

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** The National Stock Exchange (NSE) has changed the Bank Nifty .NSEBANK weekly and monthly derivatives expiry to Friday from Thursday

** The changes will be effective from July 7, 2023

** All existing contracts with Thursday expiry will be revised to Friday on July 6, post market hours: NSE

** If Friday is a trading holiday, then the expiry day is the previous trading day

** For monthly and quarterly derivatives contracts, the expiry day will be the last Friday of the month and the quarter, respectively

** The revision comes after the NSE took cognisance of the feedback from market participants

** The S&P BSE Sensex and S&P BSE Bankex derivatives contracts, which were reintroduced on May 15, have expiry on Fridays

** The .BSESN and Bankex contracts saw a turnover of 173.16 billion Rupees in options and 290 million in futures, respectively, in the week-ended May 26: Bombay Stock Exchange (BSE)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of India's Reliance Industries Ltd RELI.NS fall as much as 1.66%, their steepest intraday pct slide in over a month, to 2,478.05 rupees

** RELI, India's largest firm by market capitalisation, which has 10.32% weightage in benchmark Nifty 50 .NSEI is leading losses on the index; Nifty 50 down 0.75%

** Oil-to-telecom conglomerate could see $155 mln in outflows, following a decrease in its weightage in MSCI indexes, says brokerage Nuvama Alternative & Quantitative Research

** The changes in weightage will be effective as of the close of markets on May 31

** Of the 31 analysts tracking RELI, 26 maintain "buy", two suggest "sell" and three recommend "hold"; median TP is 2,822 rupees

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Macrotech Developers Ltd MACE.NS rise as much as 2.03% to a near-three-month high of 1,081.80 rupees

** Stock among top gainers in realty index .NIFTYREAL which is down 0.01%

** Rise after 3.44 mln shares change hands in nine blocks, at a price range of 1,030 rupees to 1,032.35 rupees per share

** Stock is most active in three months, with a trading volume if 4.57 mln shares as of 11:54 a.m. IST, more than six times the 30-day avg - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Inox Wind Ltd INWN.NS rises as much as 8.12% to 126.50 rupees, highest since Dec. 8

** Wind turbine generator maker reports narrower Y/Y loss in march quarter on a 41% jump in revenue from ops nFWN37N0DE

** Stock most active in over eight months, with the trading volume at 2.43 mln shares, as of 11:10 a.m. IST, 8.2x the 30-day avg - Refinitiv data

** The relative strength index is 72, suggesting the stock may be overbought

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Mrs. Bectors Food Specialities Ltd MRSB.NS rise as much as 8.26% to record high of 714.70 rupees

** Biscuit maker reports consolidated net profit in March quarter that nearly triples YoY to 276.54 mln rupees

** Revenue from operations up 37% to 3.46 bln rupees; core profit almost doubles to 482.57 mln rupees

** Core profit margin expands to 13.95% from 10.10% Y/Y

** Stock most active in over two months, with trading volume of 1.08 mln shares as of 11:02 a.m. IST, 4.4x the 30-day avg - Refinitiv data

** Stock's relative strength index is 79, suggesting it may be overbought

** Of the five analysts tracking MRSB, four maintain "buy" and one recommends "hold"; median PT is 617 rupees

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Tata Motors Ltd TAMO.NS fall as much as 2.02% to 509.70 rupees, among top Nifty 50 losers

** UBS resumes coverage of carmaker with a "Sell" rating; TP set at 450 rupees, implied downside of 13.50% over last close of 520.20 rupees

** Market underestimating vulnerability of Jaguar Land Rover's (JLR) positioning in electric vehicles landscape: UBS

** Strong earnings from JLR, driven by unsustainable mix, is temporary and presents a good selling opportunity

** Adds TAMO's passenger vehicle market share to saturate as its launch pipeline is much weaker than market leader Maruti Suzuki India Ltd MRTI.NS

** Of 34 analysts tracking TAMO, 29 maintain "buy", two suggest "sell" and three recommend "hold"; median PT is 600.50 rupees

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))