Saregama India is currently trading at Rs. 4729.00, up by 222.40 points or 4.93% from its previous closing of Rs. 4506.60 on the BSE.

The scrip opened at Rs. 4595.90 and has touched a high and low of Rs. 4730.00 and Rs. 4475.00 respectively. So far 1966 shares were traded on the counter.

The BSE group ‘T ‘ stock of face value Rs. 10 has touched a 52 week high of Rs. 5487.00 on 28-Dec-2021 and a 52 week low of Rs. 927.25 on 01-Feb-2021.

Last one week high and low of the scrip stood at Rs. 5243.00 and Rs. 4475.00 respectively. The current market cap of the company is Rs. 9061.85 crore.

The promoters holding in the company stood at 57.64%, while Institutions and Non-Institutions held 20.20% and 22.16% respectively.

Saregama India is planning to invest up to Rs 750 crore in its music business to achieve a 25-30 per cent revenue growth in the next few years through organic and inorganic routes. It is also foraying into a new business segment of artiste partner programme to launch their music videos and audios on its platforms with an arrangement of sharing revenue.

The fund (of up to Rs 750 crore) is only for the music business. This is not going to be used for films or Carvaan business. Other businesses are well capitalised and they will be able to manage to run on their own.

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.