The Economic Times daily newspaper is available online now.

    Add Symphony, target price Rs 1200: HDFC Securities

    Synopsis

    Symphony Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 5898.42 Crore) operating in Consumer Durables sector.

    Buy
    Promoters held 73.25 per cent stake in the company as of 31-Mar-2022, while FIIs owned 4.49 per cent, DIIs 10.05 per cent.
    HDFC Securities has add call on Symphony with a target price of Rs 1200. The current market price of Symphony Ltd. is Rs 844. Time period given by analyst is one year when Symphony Ltd. price can reach defined target.

    Symphony Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 5898.42 Crore) operating in Consumer Durables sector.

    Symphony Ltd. key Products/Revenue Segments include Air Coolers, Others and Other Operating Revenue for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 400.00 Crore, up 88.68 % from last quarter Total Income of Rs 212.00 Crore and up 15.94 % from last year same quarter Total Income of Rs 345.00 Crore. Company reported net profit after tax of Rs 64.00 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 73.25 per cent stake in the company as of 31-Mar-2022, while FIIs owned 4.49 per cent, DIIs 10.05 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in