Introduction:
EMS stock has partnered with MSI to manufacture laptops in India, focusing on local production at its Chennai facility. This initiative supports the ‘Make in India’ campaign and aims to bolster the country’s tech manufacturing capabilities.
Share Price movement of Syrma SGS Technology:
On January 10, 2025, Syrma SGS Technology Ltd. opened at ₹593.05 and experienced fluctuations, reaching a high of ₹603.00 and a low of ₹554.40. By midday, the stock was trading at ₹584.60, reflecting a 1.71% decrease from its previous close of ₹594.75, with a market cap of ₹10,415.12 crore.
Syrma SGS Technology is in focus:
Syrma SGS Technology Limited is now the manufacturing partner for MSI in India, aiming to produce laptops specifically for the Indian market. This collaboration is set to take place at Syrma SGS’s advanced facility in Chennai, supporting the ‘Make in India’ campaign.
The partnership will initiate with the assembly of laptops, setting the foundation for a gradual increase in local manufacturing for MSI in India. MSI’s transfer of technology and best practices to Syrma SGS ensures high-quality production that meets global standards while supporting local industry.
MSI’s commitment to expanding its Indian market presence is strengthened through this partnership. John Hung, MSI’s India NB General Manager, highlighted the strategic alliance’s role in keeping MSI products competitive on a global scale while fostering the local manufacturing ecosystem. This collaboration is set to deliver high-tech products directly to Indian consumers, bolstering the national economy.
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Recent news About Syrma SGS Technology :
On January 2, 2025, Syrma SGS Technology Limited announced the amalgamation of SGS Infosystems and SGS Tekniks Manufacturing into its operations. This strategic merger, approved by the National Company Law Tribunal on December 4, 2024, aims to enhance the company’s capabilities and market reach.
Ace investor holding of Syrma SGS Technology:
Krishna Kumar Pant holds a significant stake in Syrma SGS Technology Ltd., owning 1,23,45,435 shares. Valued at ₹714.9 Crore, his investment underscores his strong confidence and substantial interest in the company’s growth and stability.
Ranjeet Singh Lonial also has a major investment in Syrma SGS Technology Ltd., with 1,21,55,000 shares worth ₹704.0 Crore. This considerable holding demonstrates his commitment and belief in the company’s potential and strategic direction.
Stock performance of Syrma SGS Technology for Period of 1 week, 6 months and 1 year:
Over the past week, Syrma SGS Technology’s stock declined by 5.23%. In the last six months, it rose by 22.0%, showing robust mid-term growth. However, the stock’s annual performance saw a slight decrease of 3.69%, reflecting some market fluctuations.
Also Read: Stock hits 10% upper circuit after company to enter the business of machinery manufacturing
Shareholding pattern of Syrma SGS Technology:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 46.89 | 46.89 | 46.89 |
| FII | 10.32 | 10.44 | 12.95 |
| DII | 6.44 | 6.45 | 5.8 |
| Retail & others | 36.35 | 36.22 | 34.36 |
About Syrma SGS Technology:
Syrma SGS Technology Ltd. is a leading electronics manufacturing services provider in India, specializing in system design and production. The company focuses on creating innovative products in various sectors, including healthcare, automotive, and consumer electronics, supporting India’s technological and industrial growth.
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.
