Introduction

Saregama India Ltd. is a holding company, which engages in the manufacture and sale of music storage device. It operates through the following segments: Music; and Film, TV Serials, and Events. The Music segment includes the manufacture and sale of music storage device, such as carvaan, mini carvaan, music card, audio compact discs, and digital versatile discs. The Film, TV Serials, and Events segment consists of production, and sale, telecast, broadcast of films, TV Serials, pre-recorded programmes; organizing live musical events, and dealing in film rights.

Observation

As we can see stock breakout its rounding bottom with good trading volume after full retracement. stock tade all the EMA with good RSI strength and open marabuzu candlestick on day chart

Let's touch fundamentals

• ROCE -19.6 %
• ROC -14.2 %
• Debt to equity - Zero
• PE - 64.0
• Promoter Holding 59.0 %
  
• Public holding 20%

• Weekly Chart
• Rounding Bottom

1. Hyundai Motor India's IPO will open next week for subscriptions and will likely be priced in the range of 1,865 to 1,960 rupees ($22 to $23) per share, sources said on Tuesday, valuing the automaker at up to $19 billion in the country's biggest stock offering this year.The India IPO will be Hyundai's first stock market listing outside South Korea. In India, it will also mark the first carmaker to go public in two decades since Maruti Suzuki in 2003, and comes just after Indian stock markets touched record highs and saw many companies making debuts.

2. JLR TATAMOTOR wholesale volumes (excluding China JV) declined 10% YoY (-11% QoQ) to 87.3k units. The breakup between Jaguar and LR has not been shared in the press release. The production of Jaguar Land Rover (JLR) was restricted to 86k units (-7% YoY), mainly due to supply disruptions from high-grade aluminum suppliers, which affected multiple OEMs. Additionally, a temporary hold was placed on 6.5k vehicles at the end of September, primarily in the UK and Europe, to facilitate additional quality control checks. These vehicles are set to be sold in the second half of the year. The overall mix of the most profitable RR/RR Sport and Defender models stood at 67% of the total wholesale volumes. JLR expects a strong pickup of both production and wholesale volumes in H2FY25 as the aluminum supply situation normalizes.

3. JINDAL STEEL INTERNATIONAL TO ACQUIRE CZECH VITKOVICE STEEL, SUBJECT TO REGULATORY APPROVAL

Educational content 📖

Tue Oct 8, 2024