Saregama India Stock Price: The shares of the music label company Saregama India showed a huge rise of about 10 percent on 3 February. The stock opened on BSE in the morning in the red mark but then the bumper purchase went to a high of Rs 536. The company’s market cap has reached Rs 10,200 crore. The face value of the stock is Rs 1. The company had a 59.50 percent stake in the company till the end of December 2024.
Saregama India is the oldest music label company in India. The company started in 1901. The company is owned by RP-Sanjeev Goenka Group of Companies. Caravan, Caravan Carioi, Caravan Mini and Caravan Go, are products of Saregama India.
Saregama India shares strong 51 percent in a year
According to BSE data, Saregama India shares have climbed 51 percent in the last one year. At the same time, the price has strengthened more than 12 percent in just one week. The stock saw a 52 -week high level of Rs 688.50 on 1 October 2024. The 52 -week low of 338.95 rupees was recorded on 13 March 2024. The upper price band is Rs 585 and the lower price band is at Rs 390. The circuit limit is 20 percent.
Karan Johar’s offer of 600 crores has been turned down
Saregama India has rejected an offer of Rs 600 crore for the purchase of 51 percent stake in the company by Dharma Productions owned by Karan Johar. In the July-September 2024 quarter, the company’s revenue on the standalone basis was Rs 213.41 crore.
Meanwhile, net profit was recorded at Rs 49.06 crore. Earnings stood at Rs 2.55 crore per share. In FY 2024, Standalone Revenue was Rs 758.77 crore and net profit was Rs 202.99 crore. Earnings stood at Rs 10.56 crore per share.
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