Kolkata based RPG group company, Saregama India, has zoomed over 10% to Rs 86 on back of over ten-fold surge in trading volumes. Over 9 lakh share, representing around 5% of the total equity of the company were traded on NSE and BSE put together, against an average sub 40,000 shares that were traded daily in past ten trading days on both the exchanges.
The 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.
