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    Zee Ent. stock price down 2.09 per cent as Sensex climbs

    Synopsis

    As of 31-Dec-2022, promoters held 0.22 per cent stake in the company, while FIIs held 39.18 per cent and domestic institutional investors had 21.42 per cent.

    A broker reacts while trading at his computer terminal at a stock brokerage firm in MumbaiReuters
    Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
    Shares of Zee Entertainment Enterprises Ltd. fell 2.09 per cent to Rs 217.5 at 01:38PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.

    As per data available on BSE, total traded quantity on the counter stood at 166,763 shares with a turnover of Rs 3.65 crore till 01:38PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 29.8, while the price-to-book value ratio stood at 2.55.

    Return on equity (ROE) was at 8.87 per cent, according to exchange data. The stock hit an intraday high of Rs 223.95 and a low of Rs 216.7 during the session and quoted a 52-week high price of Rs 308.65 and a 52-week low of Rs 200.5.

    The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.98.

    Technical Indicators

    The 200-DMA (day moving average) of the stock stood at Rs 246.62 on February 03, while the 50-DMA was at Rs 241.99. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

    The Relative Strength Index (RSI) of the stood at 35.62. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

    Promoter holding

    As of 31-Dec-2022, promoters held 3.99 per cent stake in the company, while foreign institutional investors held 37.33 per cent and domestic institutional investors had 37.33 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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