Add Symphony, target price Rs 1200: HDFC Securities

HDFC Securities has add call on Symphony with a target price of Rs 1200. The current market price of Symphony Ltd. is Rs 949.

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 6638.57 Crore) operating in Consumer Durables sector.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 238.00 Crore, down -31.01 % from last quarter Total Income of Rs 345.00 Crore and up 46.91 % from last year same quarter Total Income of Rs 162.00 Crore. Company reported net profit after tax of Rs 6.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of June 30, 2020, while FIIs held 4.9 per cent, DIIs 10.1 per cent and public and others 10 per cent.