SAREGAMA looks good for investment for medium to long term
The recent price action of this asset has signaled a significant shift in market sentiment. After a prolonged downtrend, it exhibited a notable uptick in buying interest, successfully breaching the previous lower high of the downtrend. This breakout strongly suggests the initiation of a potential trend reversal.
In addition to the promising technical indicators, the company's fundamentals also appear robust. It has demonstrated impressive growth in annual net profits, and the current-year profits have already surpassed the previous year's figures, showcasing a noteworthy performance that underscores its strong financial health and growth prospects.
In addition to the promising technical indicators, the company's fundamentals also appear robust. It has demonstrated impressive growth in annual net profits, and the current-year profits have already surpassed the previous year's figures, showcasing a noteworthy performance that underscores its strong financial health and growth prospects.