Buy Symphony; target of Rs 1623: ICICI Direct

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

ICICI Direct's research report on Symphony

Symphony recorded strong sales growth of 33% YoY in Q4FY17 led by volume growth mainly due to the introduction of a new range of products (i-touch and pure) during the period. However, introductory offers associated with new products had impacted realisation in Q4, which remained flat YoY.

Outlook

We have modelled sales and earnings CAGR of 26% and 33%, respectively, in FY17-19E, led by strong volume growth in the wake of better monsoon, Seventh Pay Commission, GST. We use DCF method for valuation, assuming revenue CAGR of 26% (FY15-25E), terminal growth of 5%, WACC of 10% with revised target price of Rs 1623.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More