SYRMA

** 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)

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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)

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

• TO INAUGURATE NEW MANUFACTURING FACILITY AT PUNE, MAHARASHTRA

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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

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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)

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** 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)

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

• INCORPORATED UNIT SYRMA SEMICON

Source text for Eikon: ID:nBSEk036f

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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)

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** 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)

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** 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)

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

• NAMES SATENDRA SINGH AS CEO

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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)

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** Shares of G R Infraprojects GINF.NS rise as much as 2.85% to 1,302 rupees

** Rise after firm's unit G R Hasapur Badadal Highway executes a concession agreement with National Highways Authority of India (NHAI) to construct a six-lane border greenfield stretch through Surat-Nashik-Ahmednagar-Solapur

** Bid project cost is 8.72 bln rupees; project to be completed within 730 days under Bharatmalal Pariyojana

** Trading volume is 37,732 shares as of 12:52 p.m. IST, 0.7x the 30-day avg - Refinitiv data

** Of the 13 analysts tracking GINF, nine maintain "buy", one recommends "sell" and three suggest "hold"; median TP is 1,391 rupees

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of La Opala R G Ltd LAOP.NS rise as much as 3.22% to a six-month high of 416.30 rupees

** Uptick after Nippon India Mutual Fund bought 1.88 mln shares of the glassware and tableware firm in a block deal for 399.05 rupees apiece on Monday

** Malabar India Fund Ltd offloaded 1.89 mln shares on Monday; co is a public shareholder that owned 2.61% stake in LAOP

** Trading volume is 414,287 shares as of 3:08 p.m. IST, 2.6 times the 30-day avg - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

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** India's blue-chip Nifty 50 index .NSEI snaps out of overbought zone after two sessions

** Relative strength index reverts below 70; RSI was in overbought zone in last two sessions

** Both Nifty 50 .NSEI and Sensex .BSESNindexes hit new five-month highs for three sessions in a row and were in overbought territory before Wednesday's slide

** Analysts attribute recent rise in benchmark index to stable earnings and sustained foreign inflows

** Since Tata Consultancy Services Ltd TCS.NS reported its earnings on April 12, benchmark has risen 4.05%

** Foreign institutional investors (FIIs) were net buyers in 23 of the last 24 sessions, buying 306.65 bln rupees worth of Indian equities during the period

** Wednesday's slide in domestic equities led by Reliance Industries Ltd RELI.NS which lost 2%

** Reliance could see $155 mln in outflows, due to a decrease in its MSCI weightage, according to Nuvama Research

** MSCI index rejig to come into effect post markets close on Wednesday

(1 USD = 82.6766 rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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** 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)

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** Shares of Finolex Cables Ltd FNXC.NS fall as much as 6.01% to 792.55 rupees, a two-month low

** Slide comes after the electrical cables maker reports 22% fall in consolidated net profit in March quarter to 1.75 bln rupees

** Revenue up 3% at 12.24 bln rupees

** Trading volume is 590,830 shares as of 2:38 p.m. IST, 1.5 times the 30-day avg - Refinitiv data

** Of the seven analysts tracking FNXC, five maintain "buy" and two suggest "hold"; median TP is 893 rupees

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of Zee Entertainment Enterprises Ltd ZEE.NS climbed as much as 7.86%, their biggest intraday pct rise in over two months, to 192.90 rupees

** National Company Law Appellate Tribunal (NCLAT) set aside earlier National Company Law Tribunal (NCLT) order on ZEE, a lawyer source with direct knowledge of the proceedings told Reuters

** NCLT had asked the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) to review the 'No Objection Certificate' (NOC) given for Zee-Sony merger

** NCLT, in its order on May 11, had asked NSE and BSE to review their earlier approval for Zee-Sony merger and provide fresh NOCs

** ZEE could not be immediately reached for comment

** Trading volume is 33.33 mln shares as of 1:43 p.m., nearly quadruple the 30-day avg - Refinitiv data

** Of 21 analysts tracking ZEE, 18 maintain "buy", one "sell" and two recommend "hold"

(Reporting by Bharath Rajeswaran in Bengaluru)

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** 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;))

** Shares of Avanti Feeds Ltd AVNT.NS rise as much as 2.69% to 374.20 rupees

** Co reports 11% YoY rise in consolidated net profit in March quarter

** Core profit up 15%; core profit margin expands to 12.2% from 8.7%

** Co approves dividend of 6.25 rupees per share

** Trading volume is ~402,300 shares as of 1:17 p.m. IST, 3.5 times the 30-day avg - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares in electronics manufacturing services provider Syrma SGS Technology SYRM.NS rise as much as 5.2% to 335.40 rupees, their highest in nearly nine months

** Co's net profit climbed to 423.2 mln rupees ($5.17 mln) for the quarter ended March 31, from 163.6 mln rupees a year earlier

** Domestic demand for electronics manufacturing services continues to be robust across industries, Syrma SGS said in an exchange filing after the bell on Thursday

** Revenue from operations jumped 83% to 6.8 bln rupees

** The upbeat numbers come as India is looking to position itself as a global electronics production hub

** Syrma SGS shares, last up 4.5%, have climbed nearly 19% so far this year

($1 = 81.7800 Indian rupees)

(Reporting by Praveen Paramasivam)

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May 18 (Reuters) - Syrma SGS Technology Ltd SYRM.NS:

• INDIA'S SYRMA SGS TECHNOLOGY LTD MARCH-QUARTER CONSOL NET PROFIT 423.2 MILLION RUPEES VERSUS PROFIT 163.6 MILLION RUPEES

• SYRMA SGS TECHNOLOGY LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.80 BILLION RUPEES VERSUS 3.71 BILLION RUPEES

• SYRMA SGS TECHNOLOGY LTD - DIVIDEND 1.5 RUPEES PER SHARE

Source text for Eikon: ID:nBSE1Rj6dP

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