Symphony Ltd.

NSE: SYMPHONY | BSE: 517385 | ISIN: INE225D01027 | Industry: Consumer Electronics
| Expensive Performer
1161.7000 19.40 (1.70%)
NSE Apr 17, 2025 15:31 PM
Volume: 149.7K
 

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Symphony Ltd.
13 Aug 2020
1161.70
1.70%
buy
by ICICI Securities Limited
Target: 960
ICICI Securities Limited
Less impact of pandemic on overseas business Sharp fall in domestic revenue by 77% YoY was partly arrested by relative lower fall in oversees revenue by ~17% YoY. Hence, consolidated revenue fell ~47% YoY. While dealers managed to liquidate their inventory holding by ~60% in Q1FY21, management reiterated a demand recovery post lockdown relaxation. While we continue to expect H1FY21 to be challenging, recovery may start from H2FY21 onwards with lockdown restrictions easing. On domestic front, revenues may grow at 16% FY19-22E, driving overall...
 
Symphony Ltd. is trading above its 50 day SMA of 1160.9
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