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Add Symphony Ltd For Target . Rs 1,029 - Yes Securities Result Synopsis Symphony reported mixed set of performance with Revenue largely coming in line with the expectations, while margin missing the estimates. Domestic business has seen decline on back of erratic weather resulted in demand slowdown. Gross margins have seen expansion on back of price hikes, value engineering and softening of commodity prices, however higher gross margin has not translated into EBITDA as certain costs like rental and travelling costs have seen increased and there...
Add Symphony Ltd For Target . Rs 1,029 - Yes Securities
Add Symphony Ltd For Target . Rs 1,029 - Yes Securities
Source: Yes Securities Ltd
5/08/2023 10:15:28 AM
Add Symphony Ltd For Target . Rs 1,029 - Yes Securities Symphony reported mixed set of performance with Revenue largely coming in line with the expectations, while margin missing the estimates. Domestic business has seen decline on back of erratic weather resulted in demand slowdown. Gross margins have seen expansion on back of price hikes, value engineering and softening of commodity prices, however higher gross margin has not translated into EBITDA as certain costs like rental and travelling costs have seen increased and there is forex loss of R...
Add Symphony Ltd For Target . Rs 1,029 - Yes Securities
Add Symphony Ltd For Target . Rs 1,029 - Yes Securities
Source: Yes Securities Ltd
1/08/2023 4:40:28 PM
Add Symphony Ltd For Target . Rs 1,064 - Yes Securities Result Synopsis Symphony reported disappointing set of performance with Revenue/EBITDA/PAT missing estimates by 16%/68%/80%. Domestic business continues to see increased positive traction with 22% revenue growth, however margins were lower on account of higher A&P spends. Company’s international revenue declined 54% yoy. Decline was significantly higher than anticipated with poor performance of Australian subsidiary Climate technologies. Management expects sharp revenues decline ...
Add Symphony Ltd For Target . Rs 1,064 - Yes Securities
Add Symphony Ltd For Target . Rs 1,064 - Yes Securities
Source: Yes Securities
11/05/2023 1:55:19 PM
Symphony trades higher on launching air cooler range powered by BLDC Technology Symphony is currently trading at Rs. 985.00, up by 3.50 points or 0.36% from its previous closing of Rs. 981.50 on the BSE. The scrip opened at Rs. 984.95 and has touched a high and low of Rs. 990.70 and Rs. 980.00 respectively. So far 1392 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1218.95 on 01-Mar-2023 and a 52 week low of Rs. 821.00 on 03-Nov-2022. Last one week high and low of the scrip stood at Rs. 10...
Symphony trades higher on launching air cooler range powered by BLDC Technology
Symphony trades higher on launching air cooler range powered by BLDC Technology
Source: Accord Fintech
2/05/2023 3:03:36 PM
Symphony rises on introducing personal cooling device `Duet Mini` Symphony is currently trading at Rs. 1106.00, up by 11.00 points or 1.00% from its previous closing of Rs. 1095.00 on the BSE. The scrip opened at Rs. 1090.10 and has touched a high and low of Rs. 1116.60 and Rs. 1090.10 respectively. So far 622 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1218.95 on 01-Mar-2023 and a 52 week low of Rs. 821.00 on 03-Nov-2022. Last one week high and low of the scrip stood at R...
Symphony rises on introducing personal cooling device `Duet Mini`
Symphony rises on introducing personal cooling device `Duet Mini`
Source: Accord Fintech
14/03/2023 9:55:07 AM
Symphony soars on launching air cooler range with BLDC technology Symphony is currently trading at Rs. 1050.35, up by 19.30 points or 1.87% from its previous closing of Rs. 1031.05 on the BSE. The scrip opened at Rs. 1037.60 and has touched a high and low of Rs. 1052.70 and Rs. 1021.25 respectively. So far 5382 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1214.00 on 08-Apr-2022 and a 52 week low of Rs. 821.00 on 03-Nov-2022. Last one week high and low of the scrip stood at ...
Symphony soars on launching air cooler range with BLDC technology
Symphony soars on launching air cooler range with BLDC technology
Source: Accord Fintech
13/02/2023 3:47:30 PM
Symphony rises on reporting 86% rise in Q3 consolidated net profit Symphony is currently trading at Rs. 1033.90, up by 1.10 points or 0.11% from its previous closing of Rs. 1032.80 on the BSE. The scrip opened at Rs. 1033.30 and has touched a high and low of Rs. 1042.45 and Rs. 1020.50 respectively. So far 4968 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1214.00 on 08-Apr-2022 and a 52 week low of Rs. 821.00 on 03-Nov-2022. Last one week high and low of the scrip stood at R...
Symphony rises on reporting 86% rise in Q3 consolidated net profit
Symphony rises on reporting 86% rise in Q3 consolidated net profit
Source: Accord Fintech
10/02/2023 11:47:34 AM
Small Cap : Accumulate Symphony Ltd For Target Rs. 944 - Geojit Financial Robust off-season sales drive growth in Q2 Symphony Limited, and its subsidiaries are engaged in the manufacturing and trading of residential, commercial, and industrial air coolers, both in the domestic and international markets. The company operates through two segments: Air Coolers and Corporate Funds. It offers air coolers in various categories, such as residential air coolers, packaged air coolers and central air coolers. • Consolidated revenue rose 24.5% YoY to Rs. 274cr, aid...
Small Cap : Accumulate Symphony Ltd For Target Rs. 944 - Geojit Financial
Small Cap : Accumulate Symphony Ltd For Target Rs. 944 - Geojit Financial
Source: Geojit Financial Services Ltd
6/01/2023 2:30:12 PM
Symphony Ltd : Outlook robust for CY23; maintaining a Buy Says Anand Rathi Share and Stock Brokers Outlook robust for CY23; maintaining a Buy Rising mercury levels could brighten Symphony’s fortunes. The inflationary contextin the USA and Australia and rising logistics cost could dampen prospects of overseas subsidiaries and are key monitorables. Keen competition from peers with strong brands and marketing networks in summer of CY23 would also be an important factor to watch. Growth in lean season supported by standalone operations.Q2 FY23 consolidated revenue rose 25% y/y as s...
Symphony Ltd : Outlook robust for CY23; maintaining a Buy Says Anand Rathi Share and Stock Brokers
Symphony Ltd : Outlook robust for CY23; maintaining a Buy Says Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
6/12/2022 10:52:27 AM
Buy Symphony Ltd For Target . Rs 1,223 - Yes Securities Margins impacted by few one?off’s; reiterate BUY Result Synopsis Domestic business continues to see positive traction with better off?season revenue and optimism with new product launches. Company’s consolidated revenue was lower than estimated as performance of Australian subsidiary Climate technologies was subdued and is expected to be more skewed towards Q3 and Q4 vis?à?vis earlier. Management expects the revenue for climate technologies to be made up in ensuing qu...
Buy Symphony Ltd For Target . Rs 1,223 - Yes Securities
Buy Symphony Ltd For Target . Rs 1,223 - Yes Securities
Source: Yes Securities Ltd
22/10/2022 10:27:03 AM
Buy Symphony Ltd For Target Rs. 1,215 - Yes Securities Domestic performance returns to pre?covid levels; upgrade to BUY Result Synopsis Domestic business has bounced back well with a strong summer season with channel inventory now at the normalized levels after almost 2 years. Company has witnessed strong summer in domestic business. International business has seen slight decline in revenue as some of the international markets were disrupted on account of Covid. Gross margins are expected to improve as commodity prices have corrected and SY...
Buy Symphony Ltd For Target Rs. 1,215 - Yes Securities
Buy Symphony Ltd For Target Rs. 1,215 - Yes Securities
Source: Yes Securities Ltd
27/07/2022 12:29:45 PM
Symphony soars on getting nod to purchase 5% stake in Symphony AU Symphony is currently trading at Rs. 955.45, up by 27.10 points or 2.92% from its previous closing of Rs. 928.35 on the BSE. The scrip opened at Rs. 926.00 and has touched a high and low of Rs. 976.90 and Rs. 914.95 respectively. So far 7267 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1214.00 on 08-Apr-2022 and a 52 week low of Rs. 835.95 on 23-Jun-2022. Last one week high and low of the scrip stood at Rs. 9...
Symphony soars on getting nod to purchase 5% stake in Symphony AU
Symphony soars on getting nod to purchase 5% stake in Symphony AU
Source: Accord Fintech
26/07/2022 2:48:52 PM
Symphony jumps on reporting rise in Q4 consolidated net profit Symphony is currently trading at Rs. 1151.00, up by 38.00 points or 3.41% from its previous closing of Rs. 1113.00 on the BSE. The scrip opened at Rs. 1118.00 and has touched a high and low of Rs. 1168.85 and Rs. 1117.10 respectively. So far 65752 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1214.00 on 08-Apr-2022 and a 52 week low of Rs. 890.00 on 11-Aug-2021. Last one week high and low of the scrip stood at...
Symphony jumps on reporting rise in Q4 consolidated net profit
Symphony jumps on reporting rise in Q4 consolidated net profit
Source: IANS
4/05/2022 3:53:45 PM
Add Symphony Ltd For The Target Rs.1,215 - Yes Securities Domestic demand improves with international business gaining momentum; maintain ADD Result Synopsis Domestic business has bounced back well with a strong start to the summer season, with channel inventory getting liquidated in March and strong primary sales in April. Company delivers highest domestic sales in April, and management expects that trend to continue in Q1FY23 with a slew of new launches. International business has seen robust growth with IMPCO Mexico and Climate Technologies...
Add Symphony Ltd For The Target Rs.1,215 - Yes Securities
Add Symphony Ltd For The Target Rs.1,215 - Yes Securities
Source: Yes Securities Ltd
4/05/2022 9:43:58 AM
Add Symphony Ltd For Target Rs. 1,176 - Yes Securities Recovery to take longer than expected; downgrade to ADD Result Synopsis Domestic business has faced headwinds in Q3 with high channel inventory, which is expected to continue in Q4 as well. International business (except IMPCO‐Mexico) continues to face challenges in terms of growth. Management expects exports order to Climate Technologies to pick‐up in ensuing quarters. High channel inventory amidst expectation of some delay in the onset of summer season is expected to pose challenges i...
Add Symphony Ltd For Target Rs. 1,176 - Yes Securities
Add Symphony Ltd For Target Rs. 1,176 - Yes Securities
Source: Yes Securities Ltd
4/02/2022 9:44:02 AM
Hold Symphony Ltd For Target Rs.1160 - ICICI Direct Improved performance on favourable base… About the stock: Symphony is the world’s largest manufacturer of air coolers with a presence in over 60 countries and provides air cooling products in the residential, industrial and commercial segments. * Symphony is the market leader in the air-cooling business with a strong distribution network of ~30,000+ dealers, ~1000+ distributors and ~1000+ authorised service centres across the country * Asset light business model with str...
Hold Symphony Ltd For Target Rs.1160 - ICICI Direct
Hold Symphony Ltd For Target Rs.1160 - ICICI Direct
Source: ICICI Direct
26/11/2021 11:51:02 AM
Buy Symphony Ltd For Target Rs.1288 - Yes Securities Performance set to improve in ensuing quarters; maintain BUY Our view Domestic business has rebounded in Q2 with easing of Covid‐related restrictions with high trade inventory expected to quickly normalize in the upcoming summer season. International business however was subdued during the quarter mainly due to the China subsidiary drag (Australia and Mexico subs did well on margin front) but now with strong orders from markets like USA, export prospects are also looking up. Company ...
Buy Symphony Ltd For Target Rs.1288 - Yes Securities
Buy Symphony Ltd For Target Rs.1288 - Yes Securities
Source: Yes Securities Ltd
28/10/2021 10:45:44 AM
Hold Symphony Ltd : Slow recovery on favourable base - ICICI Direct Hold Symphony Ltd For Target Rs. 1,050 Slow recovery on favourable base… About the stock: Symphony is the world’s largest manufacturer of air coolers with a presence in over 60 countries and provides air cooling products in the residential, industrial and commercial segments. * Symphony is the market leader in the air-cooling business with a strong distribution network of ~30,000+ dealers, ~1000+ distributors and ~1000+ authorised service centres across the country ...
Hold Symphony Ltd : Slow recovery on favourable base - ICICI Direct
Hold Symphony Ltd : Slow recovery on favourable base - ICICI Direct
Source: ICICI Direct
9/08/2021 9:47:08 AM
Hold Symphony Ltd For Target Rs. 1345 - ICICI Direct Strong performance amid challenging conditions… Symphony’s Q4 performance witnessed a sharp business recovery on the domestic as well as international front. Consolidated revenues were up 36% YoY (~57% QoQ) to | 339 crore led by 38% and 35% YoY growth in revenue of domestic and international business, respectively. Improvement in business sentiments and a sharp rise in export revenues helped drive standalone business. The export revenue of the domestic business almost doubled ...
Hold Symphony Ltd For Target Rs. 1345 - ICICI Direct
Hold Symphony Ltd For Target Rs. 1345 - ICICI Direct
Source: ICICI Direct
3/05/2021 9:22:44 AM
Small Cap : Accumulate Symphony Ltd For Target Rs. 1,382 - Geojit Financial Record performance; Outlook intact Symphony Ltd, and its subsidiaries are engaged in manufacturing and trading of residential, commercial and industrial air coolers, both in domestic and international markets. Company operates through two segments: Air Coolers and Corporate Funds. It offers air coolers in various categories, such as residential, packaged and central air coolers. * Consolidated revenue rose 36.1% YoY to a record high in Q4FY21, on the back of growth seen across all marke...
Small Cap : Accumulate Symphony Ltd For Target Rs. 1,382 - Geojit Financial
Small Cap : Accumulate Symphony Ltd For Target Rs. 1,382 - Geojit Financial
Source: Geojit Financial Services Ltd
30/04/2021 3:03:14 PM
Symphony Q4 net profit up 8.89% at Rs 49.00 cr The company reported standalone net profit of Rs 49.00 crore for the quarter ended March 31, 2021 as compared to Rs 45.00 crore in the same period last year, registering a year-on-year growth of 8.89 per cent. Net revenue of the company rose substantially by 37.66 per cent at Rs 212.00 crore in January-March quarter of this fiscal as against Rs 154.00 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 44.76 per cent to Rs 152.00 crore...
Symphony Q4 net profit up 8.89% at Rs 49.00 cr
Symphony Q4 net profit up 8.89% at Rs 49.00 cr
Source: Dion Global Solutions Ltd
27/04/2021 4:14:48 PM
McAfee sells enterprise business to Symphony Technology for $4B Anti-virus software company McAfee has sold its enterprise business to a consortium led by Symphony Technology Group (STG) in an all-cash transaction for $4 billion. Launched 30 years ago, McAfee's enterprise business today is a trusted partner for 86 per cent of the Fortune 100 firms around the world and reported $1.3 billion in net revenue in fiscal year 2020. The transaction is expected to close by the end of this year. "STG is the right partner to continue strengthening ...
McAfee sells enterprise business to Symphony Technology for $4B
McAfee sells enterprise business to Symphony Technology for $4B
Source: IANS
9/03/2021 10:29:31 AM
Hold Symphony Ltd For Target Rs.1,090 - ICICI Direct Gradual recovery in the domestic business Symphony’s standalone and overseas business has seen a gradual recovery on a QoQ basis, however YoY recovery was still ~74% of previous year. According to company, the trade sentiments in the domestic markets were positive and company has witnessed stock out situation in some of the geographies. The inventory level is normalised with channel partners and the company expects good volume offtake from Q4FY21 onwards. On the subsidiaries front, C...
Hold Symphony Ltd For Target Rs.1,090 - ICICI Direct
Hold Symphony Ltd For Target Rs.1,090 - ICICI Direct
Source: ICICI Direct
6/02/2021 9:46:37 AM
Add Symphony Ltd For Target Rs.1,115 - HDFC Securities Domestic in line; RoW improving Symphony's domestic revenue was in line (33% down YoY), while exports were down by 79% due to delays in shipment (bunch-up expected in 4Q). Thereby, 3QFY21 was below our estimates (down 40% YoY). Trade inventory is at a normal level (marginally lower) compared to last year. As a result, domestic revenue is expected to revive from 4Q onwards (new launches closer to the season). Trade sentiment is healthy and pent-up demand is also possible in the upcoming...
Add Symphony Ltd For Target Rs.1,115 - HDFC Securities
Add Symphony Ltd For Target Rs.1,115 - HDFC Securities
Source: HDFC Securities Ltd
26/01/2021 11:01:57 AM