Syrma SGS Technology dazzles on debut, stock soars 34% against issue price

Analyst at Swastika Investmart attributed the good listing to positive market sentiment, outstanding prospects, and a good response from the investors.

Shares of Syrma SGS Technologies (Syrma) soared 34 per cent to Rs 295 against its issue price of Rs 220 per share on debut in Friday’s intra-day trade. The stock of industrial electronics company listed at Rs 262, a 19 per cent premium when compared to its issue price on the BSE. On NSE, the stock started trading at Rs 260.

At 10:28 am, Syrma traded 31 per cent higher at Rs 288.40, against its issue price. A combined 31 million equity shares had changed hands on the NSE and BSE.

Syrma is one of the fastest growing