Zee Ent. shares up 1.35% as Nifty gains

NEW DELHI: Shares of Zee Entertainment Enterprises Ltd. traded 1.35 per cent up in Monday's trade at 10:51AM (IST). Around 151,123 shares changed hands on the counter.

The scrip opened at Rs 242.15 and touched an intraday high and low of Rs 247.7 and Rs 242.15, respectively, in the session so far. Shares of the company of Zee Entertainment Enterprises Ltd. quoted a 52-week high of Rs 378.6 and a 52-week low of Rs 166.8.

As per BSE, the total market cap of the Zee Entertainment Enterprises Ltd. stood at Rs 23763.25 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 2361.17 crore for the quarter ended 31-Mar-2022, up 10.83 per cent from previous quarter's Rs 2130.44 crore and up 18.99 per cent from the year-ago quarter's Rs 1984.39 crore.

The net profit for latest quarter stood at Rs 181.93 crore, down 34.02 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, DIIs 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 24.64 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.