Saregama India has zoomed over 16% to Rs 91.15 on back of over ten-fold surge in trading volumes. As many as a combined 766,037, representing 4.4% of the total equity of the company changed hands on the counter so far, against an average sub 40,000 shares that were traded daily in past ten trading days on the NSE and BSE.
A Kolkata-based entertainment company has reported a net loss of Rs 7.42 crore, due to Rs 11 crore provision for doubtful debts and advances for the quarter ended March 2012. The company had a net profit of Rs 5.32 crore in the same quarter of previous fiscal. Total operational income too, declined 7% at Rs 41.81 crore on year-on-year basis.