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Symphony strengthens on plan to focus on Indian I&C air cooling market

Symphony Ltd. | Trading | Miscellaneous | BSE: 517385 | NSE: SYMPHONY

14 Sep 2012 Evaluate

Symphony is currently trading at Rs. 415.60, up by 5.00 points or 1.22% from its previous closing of Rs. 410.60 on the BSE.

The scrip opened at Rs. 414.00 and has touched a high and low of Rs. 422.40 and Rs. 408.50 respectively. So far 19653 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1250.00 on 15-Feb-2012 and a 52 week low of Rs. 173.00 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 425.00 and Rs. 352.05 respectively. The current market cap of the company is Rs. 1454.23 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 0.46% and 24.54% respectively.

World’s largest air cooler company, Symphony is planning to focus on the Indian industrial & commercial (I&C) air cooling business which is a virgin market with a huge potential. Through a global acquisition in the USA, Symphony had acquired one of the world’s leading I&C air cooling company. The company is now going to utilise the global expertise of its American subsidiary to aggressively tap the Indian corporates’ manufacturing facilities as well as the large format retail outlets.

The company has already completed the soft launch in India with successful installations at Maruti Suzuki, Asahi Glass, Nestle India and Shivam Autotech of Hero group as well as ISKCON temple in Delhi, Swaminarayan temple in Gujarat and Baba Ramdev’s Yog Bhavan in Haridwar. More projects are underway and the company is now going to pitch aggressively across all major cities in India for industrial and commercial cooling business.

Symphony has recently executed a large industrial project at General Electric plant in Monterrey, Mexico and also one of the largest malls in Mexico City. It is now planning to tap all the major organised retail players in India for air cooling their large format stores. This new vertical of the company has the potential to become as big as its existing residential business in the next 3-5 years.

Headquartered in Ahmedabad, Gujarat, India, Symphony is a global company committed to develop sustainable and responsible products.

Symphony Share Price

806.90 4.40 (0.55%)

23-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Redington	220.70
Adani Enterprises	2300.50
Amrapali Industries	17.45
Rashi Peripheral	475.55
PDS	285.60
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Symphony strengthens on plan to focus on Indian I&C air cooling market

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