Share price of Zee Ent. falls as Sensex drops 342.31 points

Share price of Zee Entertainment Enterprises Ltd. dropped 0.87 per cent to Rs 226.8 at 12:03PM (IST) in Thursday's trade. The counter hit a high of Rs 230.25 and low of Rs 226.0 so far during the session. The stock had closed at Rs 228.8 in the previous session.

The counter had a total traded volume of 12:03PM shares so far with a turnover of Rs 19.23 crore on BSE. The stock traded at a price-to-earnings multiple of 31.1 and a price-to-book ratio of 2.55.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Zee Entertainment Enterprises Ltd. belongs to the TV Broadcasting & Software Production industry.

Promotor/FII Holding
Promoters held 3.99 per cent stake in the company as of 30-Jun-2022, while overseas investors and domestic institutional investors ownership stood at 39.18 per cent and 30.53 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 2046.0 crore for the quarter ended 30-Sep-2022, up 8.86 per cent from the previous quarter's Rs 1879.53 crore and up 1.77 per cent from the year-ago quarter's Rs 2010.47 crore.

Its profit for the latest quarter stood at Rs 112.89 crore, down 58.21 per cent from the same quarter a year ago.