This ADIA-backed multibagger stock turned Rs 10,000 to Rs 5 lakh in 10 years
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Shares of Saregama India, one of India's oldest music labels and a producer of multi-language TV content, has seen a massive rally in the last 10-year period, rising as much as 5,000%. Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have jumped to Rs 5 lakh, according to an analysis by ET Markets. However, in the recent past, the stock has not generated the jaw-dropping returns that were seen in the previous years. For instance, in the last six months, the shares rose 56% and are up about 42% in the last one-year period. Saregama India, formerly known as The Gramophone Company of India, is a RPSG group company owning the largest music archives in India and one of the biggest in the world. The ownership of nearly 50% of all the music ever recorded in India also makes Saregama the most authoritative repository of the country’s musical heritage. The company has also expand...