- Why it’s recommended: Syrma SGS Technology Limited, a leading Indian Engineering and Electronics Manufacturing Services (EMS) provider, has exhibited a consistent uptrend since March 2026. This move is supported by steady volume growth and a rising RSI, suggesting that bullish momentum remains intact. A decisive break above the ₹900 level serves as a primary entry signal. Recommendation: Go long.
- Key metrics:
- P/E Ratio: 90.37
- 52-week high: ₹1032
- Volume: 1.65M
- Technical analysis: Support at ₹915, resistance at ₹1150
- Risk factors: High reliance on imported natural gas, volatility in raw material prices, regulatory changes and intense competition from imported products.
- Buy: above ₹1025
- Stop loss: ₹960
- Target price: ₹1125
How the stock market performed on Monday
Indian equity markets staged a strong rebound on 4 May, with both benchmark indices closing higher after Thursday’s sharp sell-off. The Sensex rose 356 points to settle at 77,269, while the Nifty gained 122 points to finish at 24,119, supported by broad-based buying across sectors. Investor sentiment was buoyed by robust April auto sales data, easing crude oil prices, and positive political cues, which together helped restore confidence.
About The Author
