We maintain our HOLD rating on the stock, given limited upside with our target price of Rs. 1,303 based on 40x FY21E adj. EPS. Topline doubled on higher seasonal demand and M&A; effect Symphony (SYML) posted 100.0% YoY growth in revenue to Rs. 304cr, largely driven by higher sales volume growth amid strong summer demand. Also, Q1FY20 marked the last quarter of incremental contribution (Rs. 69cr in Q1FY20) from Climate Technologies acquired in July-2018. Domestic market sales grew 124.2% YoY to Rs 148cr, largely driven by promotional initiatives and series of newly launched products....