01-01-1970 12:00 AM | Source: Accord Fintech
Syrma SGS Technology trades higher on incorporating wholly owned subsidiary
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Syrma SGS Technology is currently trading at Rs. 263.30, up by 3.60 points or 1.39% from its previous closing of Rs. 259.70 on the BSE.

The scrip opened at Rs. 255.05 and has touched a high and low of Rs. 267.50 and Rs. 255.05 respectively. So far 26119 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 342.80 on 29-Aug-2022 and a 52 week low of Rs. 248.30 on 30-Jan-2023.

Last one week high and low of the scrip stood at Rs. 268.90 and Rs. 251.05 respectively. The current market cap of the company is Rs. 4668.70 crore.

The promoters holding in the company stood at 47.27%, while Institutions and Non-Institutions held 12.50% and 40.22% respectively.

Syrma SGS Technology has incorporated a wholly owned subsidiary Company named ‘Syrma SGS Technology & Engineering Services’ (STEL). The newly incorporated company intends to carry on the business of designers and manufacturers, service providers, buyers, sellers, assemblers, exporters, importers, distributors, agents, and dealers in memory chips, memory modules, PCB assemblies and other storage products, printers, readers magnetic or otherwise, CRT displays and terminals and all other electronic and communication equipment and parts, components, assemblies and subassemblies to be used in the computer and electronic industry including voice coils, voice coil actuator assembly, antenna coils, smart cards and radio frequency identification devices. The company has subscribed 10,000 equity shares of the said wholly-owned subsidiary of Rs 10 amounting to Rs 1,00,000.     

Syrma SGS Technology is a technology-focussed engineering and design company engaged in turnkey electronics manufacturing services (EMS), specialising in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.