Apr 18, 2011, 10.18 AM IST

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

Saregama India has touched an intraday high of Rs 91.40 and an intraday low of Rs 81.

Source: Moneycontrol.com
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Bull of the Day: Stock that's hitting all the right tones
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



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