Symphony rises on launching new range of Commercial Air Coolers

13 Aug 2019

Symphony is currently trading at Rs. 1237.20, up by 2.25 points or 0.18% from its previous closing of Rs. 1234.95 on the BSE.

The scrip opened at Rs. 1224.00 and has touched a high and low of Rs. 1242.85 and Rs. 1224.00 respectively.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1575.00 on 03-Jun-2019 and a 52 week low of Rs. 811.85 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1284.90 and Rs. 1219.85 respectively. The current market cap of the company is Rs. 8644.24 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 15.49% and 9.51% respectively.

Symphony has launched a unique new range of Commercial Air Coolers under the brand ’Movicool’. The range consists of models which are not only portable but are very rugged, suitable for outdoor use and can cool vast indoor and outdoor spaces very effectively, while consuming water and electricity efficiently.

The target market for this range would be banquet halls, party plots, farmhouses, factories, warehouses etc. With this range, the company will be developing a virgin market altogether.

Symphony manufactures products like domestic air coolers, industrial air coolers, and water heaters.

Related Symphony Ltd. Links:

Symphony Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323