Symphony jumps 42.22% in three days on strong Q4 result

Symphony advanced 4.87% to Rs 325.20 at 13:41 IST on BSE, with the stock extending two-day 35.62% surge triggered by strong Q4 result.

Meanwhile, the BSE Sensex was down 50.25 points or 0.29% to 17,207.13

On BSE, 3.52 lakh shares were traded in the counter as against average daily volume of 17,159 shares in the past one quarter.

The stock hit a high of Rs 346.95 and a low of Rs 314 so far during the day. The stock had hit a 52-week low of Rs 173 on 4 June 2012. The stock had hit a record high of Rs 1,250 on 15 February 2012.

The small-cap stock had outperformed the market over the past one month until 1 August 2012, rising 57.69% compared with the Sensex's 0.99% fall. The scrip had also outperformed the market in past one quarter, advancing 34.94% as against 0.35% decline in the Sensex.

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

The Symphony stock surged 42.22% in three trading sessions from Rs 228.65 on Monday, 30 August 2012 after the company reported 67.5% spurt in net profit to Rs 19.67 crore on a 51.7% surge in net sales to Rs 87.06 crore in Q4 June 2012 over Q4 June 2011. The result was announced during market hours on Tuesday, 31 July 2012.

Symphony's consolidated net profit rose 3.7% to Rs 53.10 crore on 7.9% rise in net sales to Rs 313.39 crore in the year ended June 2012 over the year ended June 2011.

Symphony's board of directors at its meeting held on Tuesday, 31 July 2012, recommended dividend of Rs 3 per share over and above a silver jubilee year special dividend of Rs 2.50 per share for the year ended on 30 June 2012.

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

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