Symphony gains after a block deal

Symphony rose 3.23% to Rs 414.45 at 14:36 IST on BSE after a block deal of 1.24 lakh shares was executed in the counter on BSE at Rs 403.25 per share at 14:06 IST.

The block deal constitutes 0.35% of Symphony's equity.

Meanwhile, the S&P BSE Sensex was up 45.43 points or 0.22% at 21,003.24.

On BSE, 1.32 lakh shares were traded in the counter as against average daily volume 11,520 shares in the past one quarter.

The stock hit a high of Rs 420.10 and a low of Rs 401.10 so far during the day.

The stock had outperformed the market over the past one month till 5 December 2013, rising 4.52% compared with the Sensex's 0.08% fall. The scrip had also outperformed the market in the past one quarter, surging 32.95% as against Sensex's 10.42% surge.

Symphony's net profit galloped 598.5% to Rs 14.32 crore on 196.5% growth in net sales to Rs 72.08 crore in Q1 September 2013 over Q1 September 2012.

Symphony is a leading air-cooler maker catering to 60 countries across the globe.

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