Symphony hits record high after strong Q2 earnings

Symphony surged 7.67% to Rs 2,164.60 at 9:44 IST on BSE after net profit jumped 45.3% to Rs 36.02 crore on 31.4% growth in net sales to Rs 151.41 crore in Q2 December 2014 over Q2 December 2013.

The Q2 result hit the market on Saturday, 17 January 2015.

Meanwhile, the S&P BSE Sensex was up 149.43 points or 0.53% at 28,267.02.

On BSE, so far 6,099 shares were traded in the counter as against average daily volume of 4,038 shares in the past one quarter.

The stock hit a high of Rs 2,225 so far during the day, which is a record high for the counter. The stock hit a low of Rs 2,135 so far during the day. The stock had hit a 52-week low of Rs 382.80 on 17 January 2014.

The stock had outperformed the market over the past one month till 16 January 2015, advancing 15.5% compared with Sensex's 5.01% rise. The scrip had also outperformed the market in past one quarter, surging 37.32% as against Sensex's 8.16% rise.

The mid-cap company has an equity capital of Rs 7 crore. Face value per share is Rs 2.

Symphony on Saturday, 17 January 2015 said that its Mexican subsidiary Impco S. de R. L. de C. V., Mexico is exploring the possibility of having lean manufacturing operations. This will happen over a period of time in phases, Symphony said.

Established in 1988, Symphony manufactures residential, commercial and industrial coolers.

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