Zee Ent. stock price down 1.48 per cent as Sensex climbs

Shares of Zee Entertainment Enterprises Ltd. fell 1.48 per cent to Rs 223.4 at 01:43PM hours (IST) on Wednesday. Earlier in the day, the stock saw a start to the session.

As per data available on BSE, total traded quantity on the counter stood at 117,880 shares with a turnover of Rs 2.66 crore till 01:43PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 30.86, 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 227.9 and a low of Rs 223.3 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 247.14 on February 01, while the 50-DMA was at Rs 243.38. 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 40.2. 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.