Buy Syrma SGS Technology, target price Rs 580: HDFC Securities

HDFC Securities has buy call on Syrma SGS Technology Ltd. with a target price of Rs 580. The current market price of Syrma SGS Technology is Rs 426.75.

Syrma SGS Technology Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 7524.28 Crore) operating in General sector.

Syrma SGS Technology Ltd. key Products/Revenue Segments include Other Operating Revenue, Scrap, Sale of services for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1175.20 Crore, up 2.22 % from last quarter Total Income of Rs 1149.73 Crore and up 88.52 % from last year same quarter Total Income of Rs 623.39 Crore. Company reported net profit after tax of Rs 20.35 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 46.89 per cent stake in the company as of 30-Jun-2024, while FIIs owned 10.44 per cent, DIIs 6.45 per cent.