Zee Ent. declines 0.07% as Sensex climbs

Shares of Zee Entertainment Enterprises Ltd. traded at Rs 223.7 on BSE at 12:20PM (IST) on Tuesday, down 0.07 per cent from previous close.

The scrip quoted a 52-week low price of Rs 200.5 and a high of Rs 308.65.

Earlier, the stock saw a gap up opening in the morning.

A total of 62,628 lakh shares changed hands on the counter till 12:20PM (IST).

The stock of Zee Entertainment Enterprises Ltd. commanded a market value of Rs 21467.61 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 30.66, 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.

In the BSE500 pack, 201 stocks traded in the green, while 300 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.98.

Promotor/FII Holding
Promoters held 0.22 per cent in Zee Entertainment Enterprises Ltd. as of 31-Dec-2022 while foreign portfolio investors and domestic institutional investors owned 39.18 per cent and 21.42 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 249.07 on January 24, while the 50-DMA was at 247.17. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.