Symphony Ltd
SYMPHONY

1,502.95

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Day's Vol.(shares)

1,505.85

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Accumulate
Reco. Price
Rs 1482.00
We recommend ACCUMULATE on the stock owing to innovative launches which will boost revenue by 47% (CAGR) over FY16-18E. Additionally, we expect acquisition of MKE to provide it access to the Chinese market. Stock is trading at a premium valuation of 43.6x P/E on FY18E earnings. (Target Price– Rs.1592)
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50 DMA (.)
1,329.51
100 DMA (.)
1,266.09
200 DMA (.)
1,227.49
Weekly Range (.)
1,484.80
1,556.00
Monthly Range (.)
1,272.00
1,570.00
52 Weeks Range (.)
1,071.05
1,570.00
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