Syrma SGS Technology share price surges over 9% to hit 52-week high; here's why
Syrma SGS Technology share price surged over 9% to touch 52-week high on Friday's trading session after the company appointed Satendra Singh as Chief Executive Officer (CEO). Syrma SGS share price opened at ₹496.95 apiece on BSE. Syrma SGS share hit intraday high of ₹540 and low at ₹494.05.
According to the company's exchange filing, this is a significant addition to the company's management team and is consistent with the strategic goals that the company planned. "We wish to inform you that the Board of Directors of the Company have considered and approved today i.e., August 24, 2023, appointment of Satendra Singh as CEO of the company with immediate effect," said Syrma SGS Technology in its release. Also Read: Multibagger stock ADF Foods sets record date for stock split in 1:5 ratio.
Details here Satendra Singh will report directly to Managing Director, Jasbir Singh Gujral, the company said in an exchange filing on Thursday. According to the exchange filing, Satendra will join Syrma SGS from Nokia, Helsinki, where he led global Hardware Service Delivery, according to the exchange filing. He is a senior executive with almost three decades of experience working for large multinational corporations in strategy, operations, manufacturing, and business management.
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