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Symphony Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 6638.57 Crore) operating in Consumer Durables sector.

Surat-based Ami Organics and its shareholders are eyeing to raise about Rs 570 crore through its primary offering. The issue consists of issuance of fresh equity shares worth Rs 200 crore and an offer for sale (OFS) by promoters and existing shareholders of up to 6,059,600 equity shares.

The stock quoted a 52-week high price of Rs 359.1 and a 52-week low of Rs 142.55.

Abbott India, Crompton Greaves Consumer Electricals, Dalmia Bharat, Delta Corp, India Cements, JK Cement, Oberoi Realty and Persistent Systems will be available for trading in F&O segment from October 1, the NSE circular said.

The initial public offering (IPO) is entirely an offer for sale of up to 75,47,959 equity shares by existing shareholders and a promoter, according to draft red herring prospectus (DRHP).

“For September, we have started to reduce exposure on midcap IT and increase on Reliance.”

Around 3.2 per cent of the 1,216 listed companies on the National Stock Exchange that have reported their June quarter earnings have managed to defy the odds by expanding their operating margins on a sequential basis for four consecutive quarters.

“With the US economy being on a strong footing, the US Fed said they would be looking at a calibrated taper. That kind of calmed the global nerves and liquidity flows continued afresh, entering largecaps again.”

Benchmark indices hit fresh highs, proving the sceptics wrong. However, even while enjoying the party, investors should be prepared for a sharp correction. Partial profit booking is never a bad idea, said an analyst.

“With support from government expenditure and low interest rates, I am looking for a turnaround in investment.”