Syrma SGS Technology Ltd Share Price – NSE /  BSE

Electronics, Small Cap

Syrma SGS Technology announced a collaboration with MSI (a global leader in AI PCs, gaming, content creation, business & productivity and AIoT solutions) as its manufacturing partner in India to produce laptops for the Indian market. Through this strategic collaboration, Syrma SGS will assemble laptops for MSI at its state-of-the-art Chennai facility.

MSI and Syrma SGS are setting the stage for a phased approach to localize manufacturing for MSI in India through this alliance, starting with the assembly of laptops. Backed by MSI's technology transfer and best practices, Syrma SGS will leverage its high-quality, scalable manufacturing process to deliver on its 'Make in India' promise. This long-term collaboration between the two will cater to the Indian market, bringing premium MSI laptops closer to consumers

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Through this strategic collaboration, Syrma SGS will assemble laptops for MSI at its Chennai facility.

MSI and Syrma SGS are setting the stage for a phased approach to localize manufacturing for MSI in India through this alliance, starting with the assembly of laptops.

This long-term collaboration between the two will cater to the Indian market, bringing premium MSI laptops closer to consumers.

Satendra Singh, CEO, Syrma SGS Technology, said: “Being MSI’s Indian manufacturing partner, this collaboration is a testament to our commitment to the Make in India initiative.

It not only bolsters our IT hardware manufacturing portfolio but also underscores our ability to deliver highquality, innovative solutions that meet the needs of global leaders like MSI.”

Syrma SGS Technology is a technology-focused engineering and design company specializing in precision manufacturing for diverse end-use industries. It is engaged in the business of manufacturing various electronic sub-assemblies, assemblies and box builds, disk drives, memory modules, power supplies / adapters, fiber optic assemblies, magnetic induction coils and RFID products and other electronic products.

On a consolidated basis, Syrma SGS Technology's net profit rose 27.83% to Rs 36.24 crore on 17% increase in net sales to Rs 832.74 crore in Q2 September 2024 over Q2 September 2023. Export revenue was 23% of revenue from operations.

The scrip fell 3.93% to currently trade a Rs 571.35 on the BSE.

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Gillette India Ltd, Rainbow Childrens Medicare Ltd, Shoppers Stop Ltd and Tega Industries Ltd are among the other gainers in the BSE's 'A' group today, 04 November 2024.

Syrma SGS Technology Ltd soared 4.88% to Rs 534.5 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.4 lakh shares were traded on the counter so far as against the average daily volumes of 1.2 lakh shares in the past one month.

Gillette India Ltd surged 3.80% to Rs 10340. The stock was the second biggest gainer in 'A' group. On the BSE, 3671 shares were traded on the counter so far as against the average daily volumes of 2670 shares in the past one month.

Rainbow Childrens Medicare Ltd spiked 3.66% to Rs 1606.3. The stock was the third biggest gainer in 'A' group. On the BSE, 45347 shares were traded on the counter so far as against the average daily volumes of 10421 shares in the past one month.

Shoppers Stop Ltd exploded 3.64% to Rs 708.45. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1627 shares were traded on the counter so far as against the average daily volumes of 3514 shares in the past one month.

Tega Industries Ltd gained 3.57% to Rs 1985.2. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1534 shares were traded on the counter so far as against the average daily volumes of 2432 shares in the past one month.

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Capacite Infraprojects Ltd, Gillette India Ltd, Sumitomo Chemical India Ltd and Federal Bank Ltd are among the other gainers in the BSE's 'A' group today, 29 October 2024.

Syrma SGS Technology Ltd soared 12.34% to Rs 484.9 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.75 lakh shares were traded on the counter so far as against the average daily volumes of 60116 shares in the past one month.

Capacite Infraprojects Ltd spiked 11.12% to Rs 384.8. The stock was the second biggest gainer in 'A' group. On the BSE, 1.08 lakh shares were traded on the counter so far as against the average daily volumes of 63154 shares in the past one month.

Gillette India Ltd surged 8.21% to Rs 9254.95. The stock was the third biggest gainer in 'A' group. On the BSE, 12124 shares were traded on the counter so far as against the average daily volumes of 926 shares in the past one month.

Sumitomo Chemical India Ltd gained 7.63% to Rs 553.55. The stock was the fourth biggest gainer in 'A' group. On the BSE, 34684 shares were traded on the counter so far as against the average daily volumes of 26309 shares in the past one month.

Federal Bank Ltd spurt 7.36% to Rs 198.3. The stock was the fifth biggest gainer in 'A' group. On the BSE, 16.82 lakh shares were traded on the counter so far as against the average daily volumes of 4.67 lakh shares in the past one month.

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