Saregama India’s shares surged 10% on September 30.The stock has delivered a 20% surge in the last one week.
Trading volume has been heavy, indicating strong investor interest.
Rejection of Offer:
Saregama India has rejected a Rs 600 crore offer from Dharma Productions for a 51% stake.Investors have viewed this decision positively, as it suggests that the company believes it can achieve higher valuation on its own.
