Symphony share price target has been a topic of interest for investors in the automotive industry. The company has been making waves in the market with its innovative products, including the world’s first air cooler equipped with brushless DC electric motor technology.
This has raised questions about whether Symphony is a good auto stock to buy and what its share price target could be in the coming years.
In this article, we will explore Symphony’s past performance, current market trends, and future prospects to determine its share price target from 2023 to 2030.
Stock history of Symphony
Symphony went public in 1994, offering its shares to the public for the first time. Since then, the company’s stock price has had its ups and downs. However, over the long-term, Symphony’s stock price has shown consistent growth, making it an attractive investment for investors.
In the early years of the company’s public trading, Symphony’s stock price experienced fluctuations between low values. However, the company’s stock price began to show a steady growth trend in the early 2000s.
In 2008, the global financial crisis caused Symphony’s stock price to fall dramatically, and it took several years for the company’s stock price to recover.
In recent years, Symphony’s stock price has continued to grow and is currently trading at Rs. 1,957, as of February 2023. The company’s steady performance and innovative products have made it an attractive investment opportunity for many investors.
Overall, Symphony’s stock price history has shown consistent growth over the long term, making it an attractive investment for investors looking for a reliable and innovative company to invest in.
Latest news about Symphony
➤ Symphony (NSE: SYMPHONY) Introduces the Globe’s First Air Cooler Equipped with Brushless DC Electric Motor Technology.
➤ Symphony has authorized a share repurchase of ₹200 Cr and achieved its best-ever sales in the third quarter.
How to buy Symphony shares?
You can buy Symphony shares from the following trading platforms:
Share Price Prediction of Symphony: 2023 to 2030
Share Price Target 2023 of Symphony
|When||Maximum Price||Minimum Price|
The table presents the Symphony share price prediction for the year 2023. The maximum price is expected to be ₹1,418.12 in December 2023, while the minimum price is predicted to be ₹558.99 in May 2023. The share price is expected to be bullish with an uptrend, indicating a positive growth percentage for the company.
Investors looking to invest in Symphony can expect significant fluctuations in share prices in 2023. However, the company’s share price is expected to show significant growth. With the maximum price predicted to be over ₹1,400, Symphony’s shares are likely to attract the attention of many investors.
However, the minimum price of ₹558.99 in May 2023 also highlights the potential for fluctuations in share prices, which could make investing in the company a bit risky.
Overall, Symphony’s share price prediction for 2023 indicates a positive trend, making it an attractive investment option for investors looking to invest in the automotive industry.
Share Price Target 2024 of Symphony
|When||Maximum Price||Minimum Price|
The Symphony share price target for 2024 is also expected to be bullish with an uptrend, indicating positive growth for the company. The maximum price target for the year is ₹1,985.43, predicted to be achieved in December 2024, while the minimum price target is ₹1,028.87 in May 2024. This indicates that the company’s share prices could continue to experience fluctuations in the coming year, much like in 2023.
However, with a maximum target of over ₹1,900, Symphony’s share prices are expected to experience significant growth in 2024. The bullish trend and uptrend predicted for the company also indicate positive growth potential for the stock. Investors looking to invest in Symphony in 2024 should keep in mind the potential for fluctuations in share prices throughout the year.
Share Price Target 2025 of Symphony
|When||Maximum Price||Minimum Price|
According to the share price prediction for 2025, Symphony’s stock is expected to continue its bullish uptrend. The stock is expected to reach its maximum price target of ₹2,408.36 and its minimum price target of ₹1,557.80. In January 2025, the stock is expected to reach its maximum price of ₹2,025.14 and the minimum price of ₹1,557.80.
The stock price is expected to show steady growth in the coming years, with a growth percentage of around 20-25% each year. The company’s innovative product offerings and strong financials are expected to attract more investors, which could further push up the stock price.
Symphony Share Price Prediction 2026-2030
|Year||Maximum Price||Minimum Price|
Looking at the projection for Symphony share price target for the years 2026 to 2030, the stock’s performance is expected to be quite volatile. The maximum share price for 2026 is projected to be around ₹1,685.85, while the minimum is projected to be around ₹1,180.10.
Similarly, in 2027, the maximum is projected to be around ₹1,432.97, and the minimum is expected to be around ₹1,003.08. However, the share price is expected to see an uptrend again in 2028, with the maximum projected to be around ₹2,579.35 and the minimum around ₹1,805.55.
It is predicted that the share price will continue to grow at a bullish pace, with the maximum and minimum prices projected to be ₹5,298.39 and ₹3,708.88, respectively, in 2029.
Finally, in 2030, Symphony’s share price is expected to rise further, with the maximum projected to be around ₹5,900.48 and the minimum around ₹4,130.34. It’s important to note that these projections are based on various market factors and can change in response to different external and internal factors.
Financial Condition of Symphony: Last 5 years
|Profit before tax||264.80||130.16||230.47||131.14||167.52|
|Price to earning||65.14||104.68||30.04||82.49||63.88|
Symphony has shown impressive growth in the last five years as evident from its financial statement. Its revenue growth has been consistently positive, with a maximum of ₹1,102.62 crores in 2020 and a minimum of ₹798.25 crores in 2018.
The company’s profitability has also been consistent, with a maximum PAT of ₹192.55 crores in 2018 and a minimum of ₹107.34 crores in 2021. Symphony has experienced a significant percentage growth in its dividend payout from 16.35% in 2018 to 52.33% in 2022.
The company has also shown a good profit growth, with the highest operating profit margin of 27.52% in 2018 and a minimum of 15.6% in 2021 and 2022.
Symphony’s financial performance over the last five years indicates a good trend in terms of growth and profitability, making it an attractive investment option in the auto stock market.
Symphony share price target by Experts
Symphony share price target by Anand Rathi
Anand Rathi has a favorable outlook on Symphony and has given a “Buy” recommendation with a target price of Rs 1194.
Symphony share price target by YES Securities
YES Securities is optimistic about Symphony and has recommended purchasing the stock with a target price of Rs 1223.
Will the share price of Symphony increase in 2023?
It is anticipated that Symphony per share price will increase to ₹1,418.12 by the end of 2023.
Write the share price target 2025 of Symphony.
The share price target of Symphony for 2025 might be around ₹2,408.36.
Can Symphony (NSE: SYMPHONY) touch 5000 INR by 2030?
Yes, according to our analysis, Symphony can reach 5000 INR by 2030. Thereforel, Symphony’s stock is expected to be a good investment opportunity for long-term investors who are looking for a high-growth potential stock in the auto sector.
Write the share price target 2030 of Symphony.
The per share price of Symphony might reach around ₹5,900 by the end of 2030.
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Conclusion: Should you buy Symphony shares?
In conclusion, Symphony has demonstrated steady growth in revenue, profit, and PAT over the last five years, indicating a promising future for the company. Despite the challenges presented by the pandemic, the company managed to maintain its financial stability, and with the introduction of innovative technology in their air coolers, they are poised for further growth.
The projected share price targets for the coming years also suggest that the company has the potential to offer substantial returns to investors. Based on these factors, Symphony shares can be considered a good investment for those looking for a profitable long-term investment option.
However, it is always advisable to conduct thorough research and seek professional advice before making any investment decisions.