Saregama India rose 2.04% to Rs 621.30 at 12:03 IST on BSE after net profit surged 113.4% to Rs 4.46 crore on 76.33% growth in net sales to Rs 84.46 crore in Q2 September 2017 over Q2 September 2016.
The result was announced after market hours yesterday, 24 October 2017.Meanwhile, the S&P BSE Sensex was up 314.75 points, or 0.97% to 32,921.16. The S&P BSE Small-Cap index fell 4.52 points, or 0.03% to 17,187.16.
On the BSE, 98,000 shares were traded in the counter so far, compared with average daily volumes of 54,261 shares in the past one quarter. The stock had hit a high of Rs 645 in intraday trade, a 52-week high for the stock. The stock had hit a low of Rs 593.90 so far during the day. 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 24 October 2017, rising 42.38% compared with 3.10% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 50.14% as against Sensex's 0.69% rise. The scrip also outperformed the market in past one year, surging 151.82% as against Sensex's 16.08% rise.
The small-cap company has equity capital of Rs 17.41 crore. Face value per share is Rs 10.
Saregama India is engaged in the digital distribution of its music catalogue across various languages and genres.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
