Symphony is currently trading at Rs. 1460.00, up by 3.70 points or 0.25% from its previous closing of Rs. 1456.30 on the BSE.
The scrip opened at Rs. 1475.00 and has touched a high and low of Rs. 1480.00 and Rs. 1450.00 respectively. So far 1272 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1512.60 on 12-Sep-2014 and a 52 week low of Rs. 281.50 on 23-Sep-2013.
Last one week high and low of the scrip stood at Rs. 1512.60 and Rs. 1380.50 respectively. The current market cap of the company is Rs. 5117.00 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 5.70% and 19.30% respectively.
In a bid to cater to the export market, Symphony is planning to set up a manufacturing facility at Kandla Special Economic Zone (SEZ) at an investment of less than Rs 1 crore and it would be operational in the coming two months. The facility would cater only to export market. The company currently exports to around 60 countries across North and South America, South-East Asia, among other regions. The capacity of the manufacturing facility would be 100,000-200,000 units.
Meanwhile, the company has started selling its products on e-commerce platforms from last summer but has not tied up with any platform for ots products. The company’s sales are largely driven by modern retail units.
Symphony is the only organised player providing Industrial and commercial air cooling solutions in India. In the last 12 months, company has completed installation of industrial and ducted air coolers in 109 sites pan India.
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