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Symphony tumbles after weak Q1 results

Capital Market 

Symphony fell 8.77% to Rs 1,214.95 at 15:05 on after net profit fell 23.83% to Rs 24.04 crore on 9.84% decline in total to Rs 142.40 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during trading hours today, 10 August 2017.

Meanwhile, the S&P Sensex was down 269.60 points, or 0.85% to 31,528.24.

On the BSE, 27,000 shares were traded in the counter so far, compared with average daily volumes of 3,640 shares in the past one quarter. The stock had hit a high of Rs 1,349.45 and a low of Rs 1,195.95 so far during the day. The stock hit a 52-week high of Rs 1,571.45 on 23 March 2017. The stock hit a 52-week low of Rs 1,571.45 on 23 March 2017.

The stock had underperformed the market over the past one month till 9 August 2017, falling 1.36% compared with 0.16% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 9.93% as against Sensex's 5.11% rise. The scrip had outperformed the market in past one year, rising 16.76% as against Sensex's 14.48% rise.

The mid-cap company has equity capital of Rs 13.99 crore. Face value per share is Rs 2.

Symphony is engaged in manufacturing and trading of residential, commercial and industrial air coolers, both in the domestic and international markets.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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