SYRMA SGS TECHNOLOGY (SYRMA)
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Syrma SGS posts record Q2 revenue of ₹1,999.5 crore, up 73%
Consolidated revenue rose 73.2% to Rs 1,999.5 crore from Rs 1,154.6 crore a year earlier, marking the company's highest-ever quarterly revenue, it said. EBITDA increased 63.9% to Rs 203.1 crore, although operating margins moderated to 10.2% from 10.7%. Sequentially, revenue increased 24.7% from Rs 1,603.7 crore in the June quarter, while net profit rose 17.5% from Rs 105.7 crore.
Nifty Smallcap 500 index hits 52-week high
Smallcap 500 index hits 52-week high; Syrma, Strides, Avalon soar up to 12% A total of 36 stocks from the Nifty Smallcap 500 index gained between 5-9%, another 38 stocks rose 4% each, 35 added 3% each and 38 stocks were up 2 per cent each in Monday's intra-day trade.
Geojit flags Aster DM, SPARC as strong technical picks
Aster DM, SPARC among 3 stocks looking strong on tech charts, says Geojit SPARC appears well-positioned for a short-term recovery after finding support near the 61.8% Fibonacci retracement level of the March low to July high rally. Listen to This Article Disclaimer: This article is written by Anand James, chief market strategist, Geojit Investments. Readers' discretion is advised.
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