Symphony hits record high on reporting strong Q1 results

Symphony rose 4.76% to Rs 1,537 at 15:25 IST on BSE after the company's net profit jumped 51.04% to Rs 21.63 crore on 41.44% rise in total income from operations to Rs 110.40 crore in Q1 September 2014 over Q1 September 2013.

The company announced Q1 results during market hours today, 14 October 2014.

Meanwhile, the BSE Sensex was down 41.39 points, or 0.15%, to 26,342.88.

On BSE, so far 44,772 shares were traded in the counter, compared with an average volume of 3,319 shares in the past one quarter.

The stock hit a high of Rs 1,608.70, also a record high for the stock. The stock hit a low of Rs 1,487 so far during the day. The stock hit a 52-week low of Rs 331 on 24 October 2013.

The stock had outperformed the market over the past one month till 13 October 2014, rising 0.75% compared with Sensex's 2.5% decline. The scrip had also outperformed the market in past one quarter, surging 39.97% as against Sensex's 5.43% rise.

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

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

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