India's Saregama falls on Q1 profit drop

Saregama India

02/08/2024 08:06

** Shares of Saregama India  SARE.NS  fall as much as 1.9%,
trimming some losses to trade 1.1% lower at 531.1 rupees
    ** Music label's Q1 profit fell 15.1% YoY
    ** Stock was up ~2% before results
    ** It fell 0.3% in July, stock's first monthly decline since
March
    ** SARE up 44.4% YTD, rival Eros International Media
 EROS.NS  down 18.3%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))