Communication Services
Saregama India Limited (SAREGAMA) breaks out, gains 5% intraday
Saregama India Limited (NSE: SAREGAMA) stock breaks out, gaining 5% intraday to ₹541.55, clearing its 6M resistance trendline in the Communication Services &.
Saregama India Limited (SAREGAMA) breaks out, gaining +5% to ₹541.55 on the NSE on 04 Aug 2026. This move follows the stock clearing its 6M resistance trendline, a key technical signal indicating potential for further upside. Saregama, a prominent player in the Communication Services > Entertainment sector, specializes in music content and IP. Today’s breakout suggests strong momentum, possibly driven by recent corporate announcements and the company’s strategic initiatives in the music vertical.
Technical setup — trendlines & DMA
From a technical standpoint, Saregama’s current price is comfortably above its 6M support trendline, which ends at ₹509.05, indicating a robust base. The stock has also surpassed its 6M resistance trendline at ₹514.56 by a clear 4.98%, confirming the breakout. The 50-DMA at ₹473.8 is above the 200-DMA at ₹387.6, signaling a bullish trend. However, the stock is currently 9% above its 50-DMA, suggesting it may be slightly extended in the short term. In the 52W range of ₹307.1–₹535.9, the current price is in the upper third, reflecting a strong rally from the lows but also indicating that a significant portion of the move may already be priced in.
Snapshot: ₹541.55 on 2026-08-04 (chart frozen at publication)
Fundamentals & business context
On the fundamental side, Saregama’s PE of 48.0, coupled with a profit margin of 21.0% and a revenue CAGR of 11.7%, suggests the market is pricing in robust growth expectations. However, the profit CAGR of 3.8% over the past five years indicates slower earnings growth relative to revenue, which may stretch the valuation. Institutional holding stands at 11.7%, showing moderate interest from smart money. There’s no specific NSE catalyst today, but the recent press release and investor presentation likely contribute to the positive sentiment.
Algorithmic scorecard
The algorithmic scorecard paints a picture of a stock that is technically strong but fundamentally weaker. The technical strength is driven by the bullish trend, with the 50-DMA above the 200-DMA, and the stock’s position near the top of its 52W range, indicating positive momentum. The strong bullish sentiment over the last 30 days, with a volume ratio of 1.96x on up days versus down days, further supports this view. On the fundamental side, the company’s excellent profit margin of 21.0% and very low debt (D/E of 0.00) are positives. However, the overvalued PEG of 12.63 and low dividend yield of 1.72% are significant risks, suggesting that the stock may be priced ahead of its growth trajectory and offers minimal income contribution.
Company outlook
Management’s forward guidance for the music vertical is ambitious, with a projected CAGR of 20-23% in revenue over the next 3-5 years and an annual EBITDA margin target of 60-65%. The company plans to invest INR 300-350 crores in new music content for FY27, aiming to maintain a 25-30% market share. Initiatives include launching small concerts under the Carvaan Live branding and further developing the UN40 festival, with potential new festivals on the horizon. Post FY27, content investment is expected to increase linearly to sustain growth.
Get all details on SAREGAMA — P&L, peers, shareholding and more on TradeAlone.
Communication Services
S Chand and Company Limited Q2 FY27: Steady Quarter with Strategic Moves
S Chand And Company Limited SCHAND reports steady Q2 FY27 with strategic inventory moves and net debt-free status.
S Chand And Company Limited (SCHAND) has announced its Q2 FY27 performance, highlighting strategic moves and financial stability. The company, India’s largest education content provider, reported steady growth in the School and Higher Education segments. Notably, SCHAND has prepone raw material purchases to manage rising paper prices, impacting inventory days and net working capital days, which are expected to normalize by Q4.
Financial Highlights
The consolidated financial performance for Q2 FY27 showed a 7% increase in revenues and a 9% rise in gross margins. However, higher other expenses due to the preponement of marketing activities led to increased EBITDA and PAT losses. Despite this, SCHAND remains net cash positive with a net cash balance of Rs95m, maintaining its track to be net debt-free for three quarters in FY27.
Strategic Moves
SCHAND’s proactive approach includes advancing paper purchases to combat inflation and shifting certain marketing spends from Q3 to Q2. These strategic decisions aim to deliver guided margins and smoothen the printing load in later quarters. The company expects operating cash flows to normalize by Q4 and continues to focus on content licensing and working capital metrics.
Looking Ahead
SCHAND remains optimistic about FY27, targeting a 10%-15% growth in operating revenues and an EBITDA margin band of 17%-19%. The company’s digital business segment continues to scale rapidly, contributing significantly to future growth. SCHAND is also evaluating inorganic opportunities to enhance its product portfolio.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of S Chand And Company Limited
S Chand And Company Limited belongs to the Communication Services › Publishing sector. Here’s a quick read on where the business and the stock stand today.
S trades in the lower quarter of its 52-week range. Thin margins at 8.8% leave limited room for error — any demand softness or cost spike hits the bottom line hard. 4 loss quarters over five years is a serious red flag — earnings quality is poor and recovery is not guaranteed. The stock gains 3.4% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. The stock falls 7.7% in three months while revenue grows at only 9.6%. Neither the business nor the price action makes a compelling case. Both need to improve. Check Fundamentals of S Chand And Company Limited.
BHARTIARTL
Bharti Airtel Limited Q2 FY27: Revenue Up 16.7% Yoy, Strong Momentum in India and Africa
Bharti Airtel Limited (BHARTIARTL) Q2 FY27 results show a 16.7% YoY revenue increase, driven by strong growth in India and Africa.
Bharti Airtel Limited (BHARTIARTL) announced its consolidated results for Q2 FY27, showing a consolidated revenue increase of 16.7% year-on-year and 4.0% quarter-on-quarter to Rs 60,878 crore, driven by strong momentum in both India and Africa. The India business revenue came in at Rs 42,308 crore, increasing 9.4% year-on-year and 2.7% quarter-on-quarter, underpinned by our portfolio premiumization strategy in Mobile alongside strong momentum in Homes & Airtel Business.
India Business Performance
India mobile revenue increased by 10.1% year-on-year, led by higher Average Revenue Per User (ARPU) and strong growth in smartphone data customers additions. Homes segment continued on its strong growth trajectory with revenue growth of 25.3% year-on-year, driven by focus on quality customers and convergence agenda. Airtel Business revenue grew by 11.4% year-on-year with broad-based growth across core business and digital services portfolio.
Africa Performance
Africa delivered another quarter of robust growth of 20.6% year-on-year in constant currency, with 193.9 Mn customer base. Reported revenue growth also came in strong at 25.7% year-on-year. The improving performance is also benefiting from the rollout of Airtel’s homegrown technology stack across markets, powering our go-to-market capabilities.
As a result, Bharti Airtel Limited continues to maintain a strong and resilient balance sheet, anchored by robust cash generation and disciplined capital allocation. The company’s strategic focus on strengthening its digital infrastructure and portfolio premiumization strategy is driving sustained growth and operational excellence.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Bharti Airtel Limited
Bharti Airtel Limited belongs to the Communication Services › Telecom Services sector. Here’s a quick read on where the business and the stock stand today.
Bharti moves sideways over three months, with neither buyers nor sellers taking control. D/E of 1.39 is elevated. As a result, debt servicing will compress free cash flow in a high-rate environment. Revenue grows at 14.9% and profits at 47.3% CAGR. The market consistently rewards this kind of compounding. The stock gains 3.8% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Both the business and the stock move in the right direction. Revenue grows at 14.9%, profits at 47.3%, and the PEG sits at 0.84 — below its growth rate. That combination is rare. Check Fundamentals of Bharti Airtel Limited.
BHARTIHEXA
Bharti Hexacom Limited (bhartihexa) Q2 FY27: Revenue Growth of 11.4% Yoy
Bharti Hexacom Limited (BHARTIHEXA) reports Q2 FY27 revenue growth of 11.4% YoY, driven by mobile services and Homes, Office and Other services.
Bharti Hexacom Limited (BHARTIHEXA) announced its audited results for the quarter ended Sep 30, 2026, showing a robust performance with total revenue reaching Rs 2,582 crore, marking a 11.4% year-over-year (YoY) growth and a 2.9% quarter-over-quarter (QoQ) increase.
Mobile Services Revenue Growth
The mobile services segment experienced a revenue growth of 9.9% YoY, driven by an improved average revenue per user (ARPU) and a growth in the smartphone customer base. The company’s smartphone data customer base expanded by 1.2 million YoY, with mobile ARPU rising to Rs 264 in Q2’27 from Rs 251 in Q2’26.
Homes, Office and Other Services Segment
The Homes, Office and Other services segment continued to be a key growth driver, delivering a 49.0% YoY revenue growth. This was driven by strong net customer additions, particularly in Wi-Fi and IPTV offerings. The customer base increased to 989K, and the fiber network footprint expanded to 122 cities.
The company’s EBITDA rose 12.8% YoY to Rs 1,417 crore, with EBITDA margin expanding by 65 bps YoY to 54.9%. EBIT grew 16.3% YoY to Rs 816 crore, with margin improvement of 132 bps YoY to 31.6%. Net income (before exceptional items) increased 34.4% YoY to Rs 566 crore. The net debt to EBITDA ratio improved to 0.87 compared to 1.25 as of Sep 30, 2025.
Bharti Hexacom Limited’s strong operational performance was driven by disciplined execution and focus on winning with quality customers. The company continues to invest in digital network and infrastructure expansion, deploying 411 towers over the last year to strengthen coverage and enhance customer experience.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Bharti Hexacom Limited
Bharti Hexacom Limited belongs to the Communication Services › Telecom Services sector. Here’s a quick read on where the business and the stock stand today.
Bharti moves sideways over three months, with neither buyers nor sellers taking control. Revenue grows at 12.4% and profits at 46.7% CAGR. The market consistently rewards this kind of compounding. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock holds at 44% of its 52-week range with RSI at 64. In other words, neither side has a clear edge right now. Revenue grows at 12.4% and profits at 46.7%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Bharti Hexacom Limited.
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