The Economic Times daily newspaper is available online now.

    Zee Ent. shares down 0.65% as Sensex rises

    Synopsis

    A total of 251,933 shares changed hands on the counter till 01:48PM (IST)

    European sharesGetty Images
    Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
    Shares of Zee Entertainment Enterprises Ltd. fell 0.65 per cent to Rs 184.65 in Tuesday's session as of 01:48PM (IST) even as the equity benchmark Sensex traded 226.35 points higher at 62190.03.

    Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 286.9 and a 52-week low of Rs 176.6 on NSE. Around 251933 shares changed hands on the counter till 01:48PM (IST).

    The stock opened at Rs 185.8 and has touched an intraday high and low of Rs 185.95 and Rs 184.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 41.65, earnings per share (EPS) of Rs 4.43 and price to book value (PB) of 2.55, while the return on equity (ROE) stood at Rs 8.87.

    Promoter/ FII Holding
    The promoters held 3.99 per cent stake in the company as of May 23, while FII and MF ownerships stood at 36.39 per cent and 27.88 per cent, respectively.

    Key Financials
    With a market capitalisation of Rs 17731.19 crore, the company operates in the TV Broadcasting & Software Production industry. For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 2127.23 crore, up 3.97 per cent from the previous quarter?s Rs 2046.0 crore and up 0.15 per cent from the same quarter a year ago. The company reported net profit of Rs 24.32 crore for the latest quarter, down 91.86 per cent from the corresponding quarter last year.

    Technical Indicators
    The relative strength index (RSI) of the stock stands at 36.56. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.



    (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