SAREGAMA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | SAREGAMA | Market Cap | 6,630 Cr. | Current Price | 344 ₹ | High / Low | 603 ₹ |
| Stock P/E | 32.9 | Book Value | 86.1 ₹ | Dividend Yield | 1.31 % | ROCE | 18.0 % |
| ROE | 13.4 % | Face Value | 1.00 ₹ | DMA 50 | 341 ₹ | DMA 200 | 391 ₹ |
| Chg in FII Hold | -2.00 % | Chg in DII Hold | 2.06 % | PAT Qtr | 58.1 Cr. | PAT Prev Qtr | 47.6 Cr. |
| RSI | 52.2 | MACD | 4.81 | Volume | 2,07,786 | Avg Vol 1Wk | 4,18,751 |
| Low price | 306 ₹ | High price | 603 ₹ | PEG Ratio | 3.09 | Debt to equity | 0.00 |
| 52w Index | 12.8 % | Qtr Profit Var | -5.49 % | EPS | 10.2 ₹ | Industry PE | 36.3 |
📊 Chart & Indicators: SAREGAMA is trading at ₹344, slightly above its 50 DMA (₹341) but below 200 DMA (₹391), showing short-term strength but weak long-term trend. RSI at 52.2 indicates neutral momentum, while MACD at 4.81 confirms mild bullishness. Price is consolidating between support (~₹335–₹340) and resistance (~₹360–₹370). Volume (2.07L) is below weekly average (4.18L), suggesting reduced participation.
🎯 Entry/Exit Zones:
- Buy Zone: ₹335–₹345 (near support)
- Stop-Loss: ₹325
- Exit Levels: ₹360–₹370 (short-term resistance), ₹385–₹390 (major resistance near 200 DMA)
📈 Trend Status: Consolidating with mild bullish bias; price above 50 DMA and positive MACD support short-term strength, but weak volume and price below 200 DMA limit momentum.
✅ Positive
- Quarterly PAT growth: ₹58.1 Cr vs ₹47.6 Cr
- EPS at ₹10.2 supports earnings visibility
- Strong ROCE (18.0%) and ROE (13.4%)
- DII holdings increased (+2.06%)
- Debt-free balance sheet
⚠️ Limitation
- Price below 200 DMA, weak long-term trend
- PEG ratio at 3.09 indicates overvaluation
- Volume below weekly average, showing weak participation
- FII holdings reduced (-2.00%)
📉 Company Negative News
- Correction from 52-week high (₹603 → ₹344)
- Quarterly profit variation negative (-5.49%)
- Weak long-term technicals despite short-term bounce
📊 Company Positive News
- Improved PAT quarter-on-quarter
- Dividend yield at 1.31% attractive for investors
- Strong fundamentals with ROCE and ROE above industry average
🏦 Industry
- Industry PE at 36.3, slightly higher than SAREGAMA’s PE (32.9)
- Media and entertainment sector showing steady demand
- Digital streaming growth supporting long-term outlook
📝 Conclusion
SAREGAMA is consolidating near support with mild bullish signals from MACD and RSI, but weak volume and price below 200 DMA limit upside. Fundamentals remain strong with debt-free status and healthy ROCE/ROE, but valuation is stretched. Best suited for cautious swing trades with entry near ₹335–₹345 and exit around ₹360–₹370; long-term investors should wait for breakout above ₹390 for trend confirmation.
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