Syrma SGS Technologies Limited shares hit a 52-week high of Rs 588 on 6 September after the company acquired a 51% stake in Johari Digital Healthcare Ltd.

Johari Digital Healthcare Ltd is a global electronic medical device manufacturer.

The said acquisition is estimated to be worth around Rs 229 crore.

Syrma SGS Technologies said that this acquisition will increase the company’s capabilities and offerings in the electro-medical device segment. The company is very confident of this acquisition’s earnings and cash flow.

Over the past 6 months, the shares have rallied more than 102.36%.

At 3:25 pm, the shares of Syrma SGS Technologies were trading at Rs 574 or 6.79% above its previous close.