Bull of the Day: Stock that's hitting all the right tones

Saregama India BSE | NSE 30/05/12 Are Mutual Funds betting on Saregama India? Other Stocks in this news Sun TV Network | Zee Entertainment Enterprises | Dish TV | DB Corp | HT Media | Jagran Prakashan | UTV Software Communications | TV18 Broadcast | Deccan Chronicle Holdings | Hathway Cable and Datacom |

Music company Saregama India has been on the roll on the bourses recently. The stock spiked up nearly 11% on Friday to close the session at Rs 87.40, up Rs 8.95.

It touched an intraday high of Rs 91.40 and an intraday low of Rs 81. There were pending sell orders of 5 shares, with no buyers available.

Meanwhile, the smallcap is up nearly 60% in the last 15 days or so.

Management say 

In an exclusive interview with CNBC-TV18, Apurv Nagpal managing director of Saregama India says the company sees growth in the television business going forward in FY12. "The growth in the regional television business is in double digits and it's quite strong. We are one of the bid producers in South and Bangla entertainment," he says.

He also adds, "We have got about six programs in the South and three programs in the east. We will have at least two programs, by another three months in the National GEC (general entertainment space)." ( Here more from the management )

More on the stock

It was trading with volumes of 397,338 shares, compared to its 5-day average of 16,266 shares, an increase of 2,342.78%. 

In the previous trading session, the share closed up 19.95% or Rs 13.05 at Rs 78.45.

The company touched its 52-week high Rs 163.30 and 52-week low Rs 53.00 on 23 Aug, 2010 and 01 Mar, 2011, respectively.

Currently, it is trading -46.88% below its 52-week high and 63.68% above its 52-week low.

Market capitalisation stands at Rs 150.97 crore.

Peer Comparison

Company	Last Price	Market Cap.	Sales	Net Profit	Total Assets
		(Rs. cr.)	Turnover
Sun TV Network	424	16703	1008	437	2015
Zee Entertain	125	12187	1279	559	2944
Dish TV India	68	7251	1085	-262	1318
DB Corp	250	4576	-	-	1003
HT Media	156	3657	1283	125	1186
Jagran Prakashan	121	3646	942	176	734
UTV Software	645	2619	328	59	1784
IBN18 Broadcast	97	2298	210	-82	838
DeccanChronicle	84	2034	893	261	1600
Hathway Cable	119	1704	-	-	1285
Saregama India	87	151	105	1	201