Edelweiss' research report on Symphony
Post a bad Q1, Symphony (SYML) witnessed good off-season demand from dealers in July & August at higher prices (5-10%) and is holding very low inventory verus peers some of whom are holding 12-months of inventory. Encouraging trend: In coolers, there is visible shift from unorganised to organised. Many unorganised dealers have started approaching large organised players, including Symphony.
Outlook
We attribute our conviction on SYML to its strong innovation prowess and capability to launch SKUs with solid impact over the years, driving industry-leading growth. This, in our view, is sustainable notwithstanding the new entrants. We maintain ‘BUY/SO’ with target price of INR1789. (refer Consumer Durables - Home Run).
For all recommendations report, 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
