Syrma SGS Technology climbs on inking pact with Kaga to form JVCo for EMS facility
Syrma SGS Technology is currently trading at Rs. 1403.25, up by 68.00 points or 5.09% from its previous closing of Rs. 1335.25 on the BSE.
The scrip opened at Rs. 1371.75 and has touched a high and low of Rs. 1,421.10 and Rs. 1358.90 respectively. So far 95084 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,421.10 on 23-Jun-2026 and a 52 week low of Rs. 498.60 on 23-Jun-2025.
Last one week high and low of the scrip stood at Rs. 1,421.10 and Rs. 1283.05 respectively. The current market cap of the company is Rs. 26782.23 crore.
The promoters holding in the company stood at 42.28%, while Institutions and Non-Institutions held 23.21% and 34.51% respectively.
Syrma SGS Technology has executed an agreement with Kaga Electronics India (Kaga) to set up a joint venture company (JVCo). The company has entered into the agreement to establish, develop and operate a technologically advanced, state of the art EMS manufacturing facility, together, in India focusing on Japanese clients.
In the JVCo that is proposed to be incorporated, the company will own 60% of the equity shares and Kaga will own 40% of the equity shares of the JVCo, subject to customary conditions precedent and closing conditions as out in the agreement.
