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    Zee Ent. shares down 0.34% as Nifty gains

    Synopsis

    The stock quoted a 52-week high price of Rs 332.0 and low of Rs 200.5.

    market-getty-24Getty Images
    Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
    Shares of Zee Entertainment Enterprises Ltd. rose 0.34 per cent to Rs 236.95 in Monday's trade. It hit an intraday high of Rs 240.7 and low of Rs 236.7, respectively, during the day.

    The stock quoted a 52-week high price of Rs 332.0 and low of Rs 200.5.

    As of 12:09PM (IST), the counter saw total traded volume of 93,225 shares with a traded value of Rs 2.22 crore, according to NSE.

    The stock had closed at Rs 237.75 in the previous session.

    The scrip has declined -9.09 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.55 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 32.58 while price-to-book ratio stood at 2.55. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

    The stock belongs to the TV Broadcasting & Software Production industry.

    Promoter/FII Holding
    Promoters held 0.22 per cent stake in the company as of 30-Jun-2022, while FII and MF ownership in the firm stood at 39.18 per cent and 21.42 per cent, respectively.

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



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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
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