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Umang Bhutada

8th Oct · SEBI-Registered Analyst

SYRMA SGS TECH | TECHNO-FUNDA ANALYSIS

Syrma SGS Technology Ltd – 1D

SYRMA
Trend: The stock is in a strong uptrend, consolidating near recent highs after a sharp rally. A breakout above resistance could trigger the next bullish leg. Important Levels: Support: ₹766.70 / ₹702.45 Resistance 1: ₹876.45 Resistance 2: ₹986.15 Fundamentals (Key Points): ⚙️ Leading electronics manufacturing services (EMS) player with strong market share in India. 📈 Rapid revenue growth driven by demand in automotive, industrial, and consumer electronics. 🏭 Expanding capacity and product portfolio to capture domestic and export opportunities. 📊 Healthy balance sheet with improving margins and consistent profit growth. 🤝 Strong order book visibility supported by strategic client relationships and government incentives (PLI). Final Verdict: Consolidating near highs — a breakout above ₹876 could lead to strong upward momentum with robust fundamentals supporting long-term growth.

#FundamentalViews#TechnicalViews#WatchOutFor
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