Saregama India shares ran 10% because of great buy, 51% robust in a 12 months – INA NEWS

Saregama India Inventory Value: The shares of the music label firm Saregama India confirmed an enormous rise of about 10 p.c on 3 February. The inventory opened on BSE within the morning within the purple mark however then the bumper buy went to a excessive of Rs 536. The corporate’s market cap has reached Rs 10,200 crore. The face worth of the inventory is Rs 1. The corporate had a 59.50 p.c stake within the firm until the top of December 2024.

Saregama India is the oldest music label firm in India. The corporate began in 1901. The corporate is owned by RP-Sanjeev Goenka Group of Firms. Caravan, Caravan Carioi, Caravan Mini and Caravan Go, are merchandise of Saregama India.

Saregama India shares robust 51 p.c in a 12 months

Based on BSE information, Saregama India shares have climbed 51 p.c within the final one 12 months. On the identical time, the value has strengthened greater than 12 p.c in only one week. The inventory noticed a 52 -week excessive stage of Rs 688.50 on 1 October 2024. The 52 -week low of 338.95 rupees was recorded on 13 March 2024. The higher value band is Rs 585 and the lower cost band is at Rs 390. The circuit restrict is 20 p.c.

Karan Johar’s supply of 600 crores has been turned down

Saregama India has rejected a proposal of Rs 600 crore for the acquisition of 51 p.c stake within the firm by Dharma Productions owned by Karan Johar. Within the July-September 2024 quarter, the corporate’s income on the standalone foundation was Rs 213.41 crore.

In the meantime, internet revenue was recorded at Rs 49.06 crore. Earnings stood at Rs 2.55 crore per share. In FY 2024, Standalone Income was Rs 758.77 crore and internet revenue was Rs 202.99 crore. Earnings stood at Rs 10.56 crore per share.

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