Add Symphony, target price Rs 1200: HDFC Securities

Add Symphony, target price Rs 1200: HDFC Securities
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Synopsis

Symphony Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 5988.67 Crore) operating in Consumer Durables sector.

Promoters held 73.25 per cent stake in the company as of 30-Jun-2022, while FIIs owned 4.33 per cent, DIIs 10.9 per cent.
Securities has add call on Symphony with a target price of Rs 1200. The current market price of . is Rs 863.15. 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 5988.67 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-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 341.00 Crore, down -14.75 % from last quarter Total Income of Rs 400.00 Crore and up 43.28 % from last year same quarter Total Income of Rs 238.00 Crore. Company reported net profit after tax of Rs 29.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 73.25 per cent stake in the company as of 30-Jun-2022, while FIIs owned 4.33 per cent, DIIs 10.9 per cent.
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