Symphony Ltd. Faces Decline Amid Broader Challenges in Domestic Appliances Market

Symphony Ltd., a midcap player in the domestic appliances industry, has experienced a significant decline of 5.3% on April 4, 2025. This drop comes after a brief period of three consecutive days of gains, indicating a potential trend reversal. The stock's performance today underperformed the sector by 2.21%, reflecting broader challenges within the domestic appliances market, which has seen a decline of 2.35%. During intraday trading, Symphony reached a low of Rs 1,088.85, marking a decrease of 4.9%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. In the broader market context, the Sensex has also faced a sharp decline, falling 846.04 points to 75,314.05, a drop of 1.29%. The index is trading below its 50-day moving average, which is itself below the 200-day moving average, indicating a bearish sentiment in the market. Over the past month, Symphony's performance has been notably weaker compared to the Sensex, with a 1-month decline of 3.31% against the index's gain of 3.13%.