Key Events This Week
9 Feb: Intraday high surge to Rs.349.40 (+7.16%)
10 Feb: Technical momentum shifts amid mixed signals
13 Feb: Negative financial trend reported despite margin expansion
13 Feb: Week closes at Rs.343.20 (+4.32%) outperforming Sensex
9 February: Intraday Surge Signals Short-Term Strength
On 9 February 2026, Saregama India Ltd exhibited a robust intraday rally, surging 7.16% to touch a high of Rs.349.40, closing at Rs.353.05, a 7.31% gain on the day. This performance significantly outpaced the Sensex’s 1.04% rise to 37,113.23 points. The stock traded above its 5-day and 20-day moving averages, signalling positive short-term momentum despite remaining below longer-term averages. This rally reflected strong buying interest within the Media & Entertainment sector, positioning the stock well for the week’s opening.
10 February: Mixed Technical Momentum Amid Volatility
The following day, the stock price slightly retreated by 0.35% to Rs.351.80, despite an intraday range reaching Rs.361.00. Technical indicators presented a nuanced picture: the weekly MACD showed mild bullishness, while the monthly MACD and KST indicators remained bearish. The RSI readings were neutral, indicating consolidation. This mixed technical momentum suggested cautious investor sentiment amid ongoing sectoral challenges. The Sensex continued its modest ascent, closing at 37,207.34 (+0.25%), but Saregama’s slight dip reflected the complex interplay of short-term optimism and longer-term caution.
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11 February: Strong Rebound Amid Positive Market Sentiment
On 11 February, Saregama India Ltd rebounded strongly, gaining 4.65% to close at Rs.368.15, its weekly high. This surge was accompanied by a volume increase to 47,977 shares, reflecting renewed investor interest. The Sensex also advanced marginally by 0.13% to 37,256.72 points. The stock’s ability to rally after a mild dip the previous day underscored the resilience of its short-term momentum, although it remained below its 52-week high of Rs.603.00.
12 February: Profit Taking and Market Weakness Weigh on Price
Profit taking and broader market weakness led to a 3.64% decline in Saregama’s share price on 12 February, closing at Rs.354.75. The Sensex also fell by 0.56% to 37,049.40 points. The stock’s volume dropped to 9,700 shares, indicating reduced trading activity. This pullback reflected investor caution following the prior day’s gains and was consistent with the mixed technical signals observed earlier in the week.
13 February: Negative Financial Trend Amid Mixed Quarterly Results
The week concluded with Saregama India Ltd reporting a negative financial trend for the December 2025 quarter. Net sales declined by 10.3% to ₹260.38 crores, while the financial trend score worsened from -4 to -6 over three months. Despite this, the company posted record profitability metrics, including an operating profit to net sales ratio of 35.23% and a PBDIT of ₹91.74 crores, the highest quarterly figure to date. However, cash reserves fell to ₹402.77 crores, raising liquidity concerns.
The stock closed at Rs.343.20, down 3.26% on the day, underperforming the Sensex’s 1.40% decline to 36,532.48 points. The mixed quarterly performance and deteriorating financial trend contributed to cautious investor sentiment, despite operational efficiencies and margin expansion.
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Daily Price Performance vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.353.05 | +7.31% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.351.80 | -0.35% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.368.15 | +4.65% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.354.75 | -3.64% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.343.20 | -3.26% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The stock outperformed the Sensex by a significant margin over the week, gaining 4.32% against the benchmark’s 0.54% decline. Intraday rallies on 9 and 11 February demonstrated strong short-term buying interest and momentum. Record profitability metrics in the December quarter, including a 35.23% operating profit margin and highest-ever PBDIT, highlight operational efficiency and cost discipline.
Cautionary Signals: The 10.3% decline in net sales and the drop in financial trend score from -4 to -6 indicate challenges in sustaining revenue growth. The stock’s technical indicators remain mixed, with bearish monthly MACD and KST readings tempering optimism. Declining cash reserves to ₹402.77 crores raise liquidity concerns amid a volatile sector environment. The Mojo Grade remains at Sell, reflecting ongoing caution from analysts.
Conclusion
Saregama India Ltd’s week was characterised by a blend of strong price rallies and underlying financial challenges. The stock’s 4.32% weekly gain and outperformance versus the Sensex underscore resilience amid a mixed technical and fundamental backdrop. While operational efficiencies and record profitability provide a positive counterbalance, the decline in net sales and liquidity pressures warrant careful monitoring. Investors should consider these factors in the context of the company’s long-term track record and sector dynamics as they assess the stock’s near-term prospects.
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