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 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.