Saregama has locked upper circuit limit of Rs. 400.70, up by 66.75 points or 19.99% from its previous closing of Rs. 333.95 on the BSE.
The scrip opened at Rs. 368.00 and has touched a high and low of Rs. 400.70 and Rs. 355.00 respectively. So far 23082 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 580.00 on 06-Jun-2019 and a 52 week low of Rs. 185.00 on 31-Mar-2020.
Last one week high and low of the scrip stood at Rs. 400.70 and Rs. 267.00 respectively. The current market cap of the company is Rs. 698.26 crore.
The promoters holding in the company stood at 59.07%, while Institutions and Non-Institutions held 8.21% and 32.71% respectively.
Saregama India has partnered with Facebook, to license its music for video and other social experiences across Facebook & Instagram. This partnership will allow users to choose from a wide variety of music to add to their social experiences such as videos, stories via music stickers and other creative content. People will also be able to add songs to their Facebook Profile.
Saregama India engaged in manufacturing, selling and dealing of gramophone records, radio receivers, radiograms, record players, record producers, pick-up cartridges, components and accessories thereof and other allied products.