Syrma SGS Shares Soar 11% on Strong Q3 Results, Best January Since Listing

Syrma SGS | The stock has broken about a horizontal consolidation zone which persisted for the last eight quarters with a strong bullish candle in September. The prior resistance between ₹670 - ₹700 levels will now turn into a key support on any corrective dip. Axis Direct expects the stock to rise to ₹985 to ₹1,080 levels, which implies a potential upside of 48% from current levels. Buy range is between ₹760 - ₹700 and support zone is between ₹645 - ₹585.

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CNBC TV18•30-01-2026, 10:44

Syrma SGS Shares Soar 11% on Strong Q3 Results, Best January Since Listing

•Syrma SGS Technology Ltd. shares surged up to 11% after reporting strong third-quarter earnings that surpassed Street estimates.
•Revenue increased 45% year-over-year to ₹1,264 crore, with export revenue growing 24% and contributing 26% to the mix.
•EBITDA margin expanded significantly by 350 basis points annually and 250 basis points sequentially to 12.6%.
•The company witnessed strong growth across all segments, including auto (44%), consumer (43%), industrial (45%), healthcare (48%), and IT and railways (65%).
•Morgan Stanley maintains an 'equal-weight' rating with a target price of ₹712, noting strong, margin-led earnings and export growth.

Why It Matters: Syrma SGS delivered robust Q3 results, driving significant stock gains and its best January performance since listing.

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