India's Symphony Ltd rises on quarterly results

Symphony

20/10/2022 08:40

** Shares of air cooler manufacturer Symphony Ltd  SYMP.NS 
rise as much as 3.9% to 894.70 rupees, their biggest pct-gain
since Sept. 29
    ** Co on Thursday posted a 10% increase in Sept-qtr
consolidated net profit to 330 mln rupees ($3.97 million) from
300 mln rupees yr ago
    ** Consolidated rev from ops increased by 24.6% to 2.74 bln
rupees
    ** More than 124,000 shares traded as of 0721 GMT, 2.5 times
their 30-day moving avg of 49,809 shares
    ** Six of 7 brokerages rate the stock "buy" or higher and 1
rates it "sell" or lower; their median PT is 1,250 rupees -
Refinitiv data
    ** Shares down 13.86% YTD, as of last close
($1 = 83.2250 Indian rupees)
 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))