RP-Sanjiv Group becomes treasure trove of multibaggers: Saregama surges nearly 700 per cent; know which other stock of this group turned multibagger!

All other stocks rewarded handsome gains to their shareholders

RP-Sanjiv Goenka Group is among India's fastest-growing conglomerates with a significant global presence. The group companies have always embraced state-of-the-art & efficient technologies and became leaders in the sectors in which they operate. The group’s businesses comprise power, carbon black, IT-enabled services, consumer, retail, media & entertainment, sports, education, infrastructure, and plantations. The group has an employee strength of more than 50,000 along with over 5,00,000 shareholders.  

The group's vision ‘to be a dynamic conglomerate driven by sustainable growth, efficiency & innovation’, reflected in its various businesses, is embedded in its seven core values namely, customer first, execution excellence, credibility, agility, risk-taking, humaneness, and sustainability.  

So, here is the performance of the stocks of this group in the last two years: 

After observing the above table, the group has delivered two multibagger ">Multi-bagger stocks. And without a doubt, we can say that Saregama is the top-performing stock of the group. It zoomed nearly 700 per cent in the last two years. The second-best performing stock of this group is PCBL, which surged 128.5 per cent in the last two years. Interestingly, only Spencer’s Retail has delivered negative returns while all other stocks rewarded handsome gains to their shareholders.   

Recently, Saregama reported its quarterly numbers wherein, the company’s operating revenue jumped 61 per cent YoY in Q1FY23 while PBT rose by 52 per cent YoY.   

During this quarter, the company launched the music of Mahesh Babu’s Sarkaru Vaari Paata in Telugu; Operation Romeo and Ittu Si Baat in Hindi with music from singers like Arijit Singh and Jubin Nautiyal. It also released multiple ‘Originals’ songs sung by Neeti Mohan, Stebin Ben, etc. Overall, the company released 186 films and non-film songs across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi, and Bengali languages. The other highlight of the quarter was the use of its songs by brands such as Dabur, Vogue Eyewear, TVF, One Card, PhonePe, etc. in their ad films.   

With retail markets opening up, Carvaan continued to regain its momentum. The company sold 98,000 units in Q1 compared to 45,000 last year. During the last fortnight of June, Saregama also started test marketing two new variants namely, Music Bar with Karaoke and Carvaan Mobile. The company has started live music events under the name, ‘Saregama Live’ with a bang with India’s biggest live performance star Diljit Dosanjh.   

It held concerts in six cities across India and Canada. The company has completed the shooting of its first Malayalam Film Padavettu starring Nivin Pauly as well as the first Punjabi film ‘Oye Makhana’ starring Ammy Virk.  

Let us know which stock you are holding of RP-Sanjiv Goenka Group in the comments section below.