Introduction:
As of September 30, 2024, BlackRock Global Funds India Fund holds two publicly traded stocks with a combined net worth exceeding ₹203 crore. This data reflects corporate filings, although some companies may not yet have disclosed their shareholding details for the latest quarter.
BlackRock Global Funds India Fund is part of BlackRock, a global investment management firm. It focuses on Indian equities, offering investors exposure to India’s dynamic market. Known for strategic asset allocation, it aims to deliver long-term growth by leveraging India’s economic potential and market opportunities.
Stake Buy
BlackRock Global Funds India Fund bought 1.34% stake in Syrma SGS Technology Ltd., which translates to 2,386,025 shares valued at ₹130.7 crore as of the latest quarter. This represents a new investment in the company, reflecting confidence in its growth prospects.
Share Price movement of Syrma SGS Technology Limited:
As of November 14, 2024, Syrma SGS Technology’s stock opened at ₹537.05, reaching an intraday high of ₹557.30 and a low of ₹534.90. It closed at ₹549.15, reflecting steady trading and positive investor sentiment, with a market capitalization of ₹9.79K crore.
About Syrma SGS Technology Limited
Syrma SGS Technology Limited is a leading electronics manufacturing services provider in India, specializing in design-led manufacturing for diverse sectors like automotive, healthcare, and industrial applications. It operates state-of-the-art facilities, including a newly launched plant in Pune, to meet global and domestic demand.
Syrma SGS Technology’s semiconductor business focuses on providing end-to-end solutions, including the design, development, assembly, and testing of semiconductor components. Their services cater to a wide range of industries, such as automotive, healthcare, and consumer electronics, ensuring high-quality production and innovation.
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Recent news About Syrma SGS Technology Limited:
Syrma SGS Technology Limited recently inaugurated a significant integrated electronics manufacturing facility in Ranjangaon, Pune. This plant spans 26.5 acres and features 1.20 million square feet of production space. The company has also been actively engaging in investor meetings, including events like the CLSA India Forum and JM Financial India Conference.
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Stock performance of Syrma SGS Technology Limited for Period of 1 week, 6 months and 1 year:
Syrma SGS Technology Limited stock delivered a 0.99% loss over the past week but increased 37.50% in six months. However, it managed a modest 3.18% return over the past year, reflecting mixed performance influenced by market conditions and operational factors.
Shareholding pattern of Syrma SGS Technology Limited:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoter | 46.90% | 46.90% | 46.90% |
| FII | 10.30% | 10.40% | 13.00% |
| DII | 6.40% | 6.50% | 5.80% |
| Public | 36.40% | 36.20% | 34.40% |
About Semiconductor industry in India:
The semiconductor industry in India is growing rapidly, fueled by increasing demand for electronics, government initiatives, and investments. India aims to become a global hub for semiconductor manufacturing, with key players focusing on domestic production and innovation to reduce reliance on imports.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
