Motilal Oswal Recommends 'BUY' on Syrma SGS Technology, Sets INR 1,000 Target

• Motilal Oswal has issued a 'BUY' rating for Syrma SGS Technology, with a target price of INR 1,000.
• Syrma SGS Technology demonstrated strong operating performance in 3QFY26, with EBITDA nearly doubling year-on-year.
• EBITDA margin expanded by 350 basis points due to a favorable business mix and operating leverage.
• Revenue grew by 45%, primarily driven by significant growth in IT/Railways (65%), followed by Healthcare/Industrial/Auto/Consumer sectors.
• Motilal Oswal projects a revenue/EBITDA/adj. PAT CAGR of 30%/45%/52% respectively, from FY25-28.

Why It Matters: Motilal Oswal recommends buying Syrma SGS Technology, forecasting strong growth and a target of INR 1,000.