Symphony shares surged as much as 14% on Tuesday, touching a day high of Rs 653, after announcing entry into air conditioners, fans and purifiers.

Symphony said it is entering three new segments in India: room air conditioners, BLDC ceiling fans, and air purifiers.

For a company that has built its entire brand around air coolers for decades, this is a fairly big shift. Here’s how the plan works.

Symphony will follow an asset-light model, meaning it won’t build its own factories for these new products.

Instead, the company plans to fund the expansion through internal accruals, its own cash reserves, rather than raising fresh debt or equity.

The rollout will happen selectively across markets and sales channels, starting from the December 2026 quarter.

The company says the pace will depend on how customers respond and how ready its execution is at each stage.

Air coolers are a seasonal business, tied closely to the summer months. By adding ACs, fans, and purifiers, the company hopes to smooth out that seasonality and use its existing retail network and brand name to reach a much wider market.

This isn’t the company’s first update this year either. In an earlier interview in August, Symphony’s Nrupesh Shah had said the domestic business saw 15% volume-led growth in the June quarter, even though the company couldn’t export to West Asia due to regional disruptions.

Shah had also said he expects the coming financial year to be a strong one for the business.

Coming back to today’s move, this is Symphony’s biggest single-day jump since August 2024, when the stock had risen close to 19% in a single session.

As of 12:31 pm, Symphony shares were trading at Rs 612.95 on the NSE, up 6.90% for the day. The stock remains down over 30% so far in 2026, even after today’s sharp rally.

Tired of guessing stocks to trade in daily? Tradz by EquityPandit empowers you with powerful tools like daily stock scans for Intraday, Swing & Investing, Market Predictions and much more. Download the Tradz by EquityPandit app today and take control of your investments!