Saregama India fell 1.90% to Rs 501.65 at 15:10 IST on BSE on profit booking after a recent rally.
Meanwhile, the S&P BSE Sensex was up 60.18 points, or 0.19% to 31,722.92.On the BSE, 38,000 shares were traded in the counter so far, compared with average daily volumes of 66,216 shares in the past one quarter. The stock had hit a high of Rs 522 and a low of Rs 493.40 so far during the day. The stock hit a 52-week high of Rs 522 on 8 September 2017. The stock hit a 52-week low of Rs 181.90 on 22 November 2016.
The stock had outperformed the market over the past one month till 7 September 2017, rising 39.14% compared with 0.42% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 123.15% as against Sensex's 1.28% rise. The scrip had also outperformed the market in past one year, rising 109.78% as against Sensex's 9.01% rise.
The small-cap company has equity capital of Rs 17.41 crore. Face value per share is Rs 10.
Shares of Saregama India rose 22.68% in seven trading sessions to settle at Rs 511.35 yesterday, 7 September 2017, from its close of Rs 416.80 on 29 August 2017.
Saregama India's net profit rose 95.3% to Rs 3.30 crore on 28.4% growth in net sales to Rs 62.04 crore in Q1 June 2017 over Q1 June 2016.
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Saregama India is engaged in the digital distribution of its music catalogue across various languages and genres.
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