Zee Ent. shares down 0.89% as Nifty drops

NEW DELHI: Shares of Zee Entertainment Enterprises Ltd. traded 0.89 per cent down in Wednesday's trade at 12:19PM (IST). Around 136,766 shares changed hands on the counter.

The counter opened at Rs 233.45 and touched an intraday high and low of Rs 233.45 and Rs 229.5, respectively, in the session so far. Shares of the company of Zee Entertainment Enterprises Ltd. quoted a 52-week high of Rs 332.0 and a 52-week low of Rs 200.5.

As per BSE, the total market cap of the Zee Entertainment Enterprises Ltd. stood at Rs 22072.74 crore at the time of writing this report.

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

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

Shareholding pattern
As of 30-Jun-2022, domestic institutional investors held 21.42 per cent stake in the company, while foreign institutional investors held 39.18 per cent and the promoters 0.22 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 31.53 and a price-to-book ratio of 2.55. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.