Why Spotify music distributor Saregama's stock went out of tune today?

Quick Summary:

On Tuesday, during market hours, Saregama India logged a consoliated net profit at Rs 44.9 crore, down 6.6 per cent from Rs 48.

The company generates revenue through licensing its music to films, TV shows, advertisements, and streaming platforms, along with earnings from its innovative digital products.

Saregama India Limited is a subsidiary of the RP-Sanjiv Goenka Group and is one of India’s oldest and most renowned music and entertainment companies, with a legacy that dates back to 1901.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Saregama share price Bse Saregama stock price Saregama results Market news Nse Nifty Saregama Sensex Saregama q2 results

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 13:09:09 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23425791

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