The Economic Times daily newspaper is available online now.

    Share price of Zee Ent. falls as Sensex drops 220.22 points

    Synopsis

    A total of 100,368 shares changed hands on the counter till 12:28PM (IST)

    NiftyGetty Images
    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    Share price of Zee Entertainment Enterprises Ltd. dropped 0.32 per cent to Rs 261.75 at 12:28PM (IST) in Friday's trade. The counter hit a high of Rs 264.8 and low of Rs 260.25 so far during the session. The stock had closed at Rs 262.6 in the previous session.

    The counter had a total traded volume of 12:28PM shares so far with a turnover of Rs 2.63 crore on BSE. The stock traded at a price-to-earnings multiple of 35.91 and a price-to-book ratio of 2.55.

    A higher P/E 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 foreign investors and domestic institutional investors ownership stood at 39.18 per cent and 30.53 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 profit for the latest quarter stood at Rs 112.89 crore, down 58.21 per cent from the same quarter a year ago.



    (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


    (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

    Stories you might be interested in