Symphony shares surge 5% on strong quarterly results

Shares of home appliances maker Symphony Ltd today surged 5 per cent after the company reported a 51.04 per cent rise in standalone net profit for the first quarter ended September 30, 2014.
Symphony's scrip ended 5.06 per cent higher at Rs 1,541.45 on the BSE. During the day, it gained 9.64 per cent to Rs 1,608.70 -- its 52-week high.
At the NSE, the stock jumped 4.81 per cent to end at Rs 1,535.05.
Symphony Ltd today reported a 51.04 per cent rise in standalone net profit at Rs 21.63 crore for the first quarter ended September 30, 2014.

The company, which follows July to June period as financial year, had reported a net profit of Rs 14.32 crore in the corresponding quarter of previous fiscal.
Symphony's net sales in the July-September quarter stood at Rs 110.40 crore as against Rs 78.05 crore in the same period last year, the company said in a BSE filing.