Symphony share price: Add Symphony, target price Rs 1200: HDFC Securities

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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 . 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.

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