Symphony trades jubilantly on launching two new models of air-coolers

12 Feb 2015

Symphony is currently trading at Rs. 2135.00, up by 14.55 points or 0.69% from its previous closing of Rs. 2120.45 on the BSE.

The scrip opened at Rs. 2152.15 and has touched a high and low of Rs. 2152.70 and Rs. 2131.90 respectively. So far 129 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 2385.00 on 03-Feb-2015 and a 52 week low of Rs. 447.00 on 13-Feb-2014.

Last one week high and low of the scrip stood at Rs. 2270.00 and Rs. 2015.00 respectively. The current market cap of the company is Rs. 7471.41 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 7.15% and 17.85% respectively.

Symphony has added two new models of air-coolers - window 70 XL and window 41 XL to consolidate the window range of air-coolers introduced by the company in 2014. Both these models have been developed using a very powerful exhaust fan as against a cooler fan used in other models.

It is the first time in India that a plastic body cooler comes fitted with such a fan and a powerful heavy-duty motor. Because of the extra weight of the motor, typically such coolers have been manufactured using metal cabinets that too by the unorganized manufacturers. These are very popular in the vast markets of the north, east and central India. With these sophisticated models, symphony expects to make further inroads in to the unorganized segment which still caters to 80% of India’s air-cooler market. These models are one more testament to the, customer-centric innovation that takes place routinely at Symphony.

Symphony recognizes the importance of emerging non-traditional segments and will evolve policies and develop products to fully harness their potential, while continuing to reap strong relationships with its vast network of dealers in the traditional trade channel.

 

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SEBI Registered: Investment Adviser - INA000013323

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