Symphony tumbles after weak Q1 results

Symphony fell 17.14% to Rs 1,163 at 12:08 IST on BSE after consolidated net profit fell 48.72% to Rs 20 crore on 23.16% decline in net sales to Rs 146 crore in Q1 June 2018 over Q1 June 2017.

The result was announced after market hours yesterday, 24 July 2018.

Meanwhile, the S&P BSE Sensex was up 61.53 points, or 0.17% to 36,886.63.

On the BSE, 43,000 shares were traded in the counter so far compared with average daily volumes of 43,000 shares in the past two weeks. The stock had hit a high of Rs 1,237.95 and a low of Rs 1,132.20 so far during the day. The stock hit a record high of Rs 2,212.75 on 11 January 2018. The stock hit a 52-week low of Rs 1,132.20 on 25 July 2018.

 

Sympony makes evaporative air coolers for domestic and industrial customers in 60 countries across the globe.

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