4,50,000% Rally In 20 Years: Electronics company Symphony Limited has brought a broader smile on investors’ faces in the last 20 years. Shares of the company have soared 4,50,000% in last 20 years.
In a remarkable display of surge, shares of Symphony Limited have skyrocketed from a mere 40 paise per share in October 2004 to a staggering Rs 1,814.45 per share during Thursday trade on BSE. This translates into a phenomenal 4,50,000% increase over the past two decades.
Symphony Limited has the market capitalisation of Rs 12,363.94 crores. The 52-week high for the company’s shares is Rs 1,878.95 per share, whereas the 52-week low is Rs 820.10 per share.
4,50,000% Rally In 20 Years: Return To Investors
The remarkable display of surge translates into the happier investors. It gave a huge-huge return to investors in 20 years.
For Instance, an investment of just Rs 1,000 in Symphony Limited in October 2004 would now be valued at over Rs 45 lakh. This is when the investor had maintained status quo on his/her investment.
However, Symphony’s share are trading in red in Friday’s session on BSE. The shares are down 0.86% and are trading at Rs 1,814.45 per share with day’s high at Rs 1,878.95 and day’s low at Rs 1,763.35 per share.
Symphony was incorporated in 1988 and was listed on the bourses in 1993.
Stock Markets Today
India’s benchmark stock market indices Sensex and Nifty opened in red on Friday, October 11, 2024. The 30 firm index Sensex opened 132.92 points lower at 81,478.49 points, whereas, the Nifty50 dipped 13.15 points to open at 24,985.30 points. Among the Sensex pack, stocks like TCS, ICICI Bank, Mahindra & Mahindra (M&M), Axis Bank, Powergrid, Indusind Bank, Adani Ports etc were among the biggest laggards during the trade.
(Disclaimer: This stock market news is for informational purposes only and should not be construed as investment advice.)
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