Buy Syrma SGS Technology, target price Rs 540: Motilal Oswal

economictimes.indiatimes.com:

Syrma SGS Technology Ltd. with a target price of Rs 540. The current market price of Syrma SGS Technology Ltd. is Rs 420.

Syrma SGS Technology Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 7456.80 Crore) operating in General sector.

Syrma SGS Technology Ltd. key Products/Revenue Segments include Sale of services, Other Operating Revenue, Scrap for the year ending 31-Mar-2024.

Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1175.20 Crore, up 2.22 % from last quarter Total Income of Rs 1149.73 Crore and up 88.52 % from last year same quarter Total Income of Rs 623.39 Crore. Company reported net profit after tax of Rs 20.35 Crore in latest quarter.

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Promoter/FII Holdings Promoters held 46.89 per cent stake in the company as of 30-Jun-2024, while FIIs owned 10.44 per cent, DIIs 6.45 per cent.