Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics

Syrma SGS Technology shares rose about 5% after announcing a joint venture with Japan's Kaga Electronics to set up an advanced EMS manufacturing facility in India targeting Japanese clients. Syrma will hold up to 60% stake with an investment of around Rs 15 crore, while Kaga Electronics India will hold up to 40% with a contribution of about Rs 10 crore. The stock touched a fresh 52-week high of Rs 1,410, with the company commanding a market capitalisation of approximately Rs 25,766 crore.