Syrma SGS Share Price Rises on Major Expansion News

Syrma SGS's share price experienced a substantial uptick on July 9, gaining nearly 8% in intraday trade, following reports of a significant investment in a new manufacturing facility. The move marks an important step forward in the company's expansion strategy in the electronics manufacturing sector.

Market Performance

• Syrma SGS share price rose by approximately 8%, touching a fresh 52-week high of ₹663 per share.
• This marks the most significant single-day gain in over eight weeks.
• Over the past month, the stock has advanced 17%, while it has added over 30% in the last year.
• The stock has delivered a remarkable 100% return over the past five years.

Main News: ₹1,800 Crore Manufacturing Facility Planned

The Chennai-headquartered Syrma SGS is reportedly planning to set up India's largest multi-layer PCB and Copper Clad Laminate (CCL) manufacturing plant.

Key Highlights:

• Proposed Investment: ₹1,800 Crore
• Location: Naidupeta, Andhra Pradesh
• Partnership: Collaboration with Shinhyup Electronics, a South Korean company, for technology and marketing support
• Status: Proposal under advanced discussions; expected to receive cabinet clearance from the Andhra Pradesh government
• Government Incentives: Potential application under the Production Linked Incentive (PLI) scheme and state-level benefits

Company Details

Syrma SGS Technology, based in Chennai, is a leading name in India's electronics manufacturing sector. The company specializes in electronics system design and manufacturing services.

Expansion Impact:

• The new facility is projected to contribute ₹6,200 crores to the company's overall revenue growth once fully operational.
• The plant is scheduled to be commissioned between FY 2026–27, indicating a long-term strategic play in the PCB and CCL segment.

Summary of the Article

• Syrma SGS's share price surged by 8% on July 9 amid reports of a significant investment in Andhra Pradesh.
• The proposed ₹1,800 Crore project will house India's largest PCB and CCL manufacturing facility.
• A partnership with Shinhyup Electronics aims to bolster technical and market capabilities.
• The expansion is expected to add ₹6,200 Crore to the company's topline in the future.
• The stock has shown consistent long-term growth, reflecting strong investor confidence.