Saregama India Ltd drops for fifth straight session

Saregama India Ltd is quoting at Rs 359.5, down 2.57% on the day as on 13:19 IST on the NSE. The stock tumbled 25.84% in last one year as compared to a 7.62% rally in NIFTY and a 28.54% fall in the Nifty Media index.

Feb 27, 2020 08:02 IST capital market

Saregama India Ltd fell for a fifth straight session today. The stock is quoting at Rs 359.5, down 2.57% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.54% on the day, quoting at 11615.1. The Sensex is at 39648.31, down 0.6%.Saregama India Ltd has eased around 15.22% in last one month.Meanwhile, Nifty Media index of which Saregama India Ltd is a constituent, has eased around 5.33% in last one month and is currently quoting at 1803.9, down 2.33% on the day. The volume in the stock stood at 6887 shares today, compared to the daily average of 11125 shares in last one month.

The PE of the stock is 15.31 based on TTM earnings ending December 19.

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