India's Saregama surges after quarterly profit rise

Saregama India

29/10/2020 07:03

** Shares of India's oldest music label Saregama  SARE.NS 
jump as much as 15.03% to 717.45 rupees, highest since July 2018
    ** Stocks see best session in 21 weeks
    ** Net profit spiked over 46% for Jul-Sept quarter on
consolidated basis, Saregama said https://www.bseindia.com/xml-data/corpfiling/AttachLive/0d8fd83d-cb23-45d5-bb4a-b4498463cf96.pdf
 on Wednesday
    ** However, revenue from ops was down over 31% for quarter  
 
    ** Around 258,459 shares change hands by 0646 GMT, vs 30-day
avg of 22,580 shares
    ** Stock up nearly 45% this year, up to last close



 (Reporting by Chandini Monnappa in Bengaluru)
 ((Chandini.M@thomsonreuters.com; 910867497919;))