Zee Ent. share price up 0.55 per cent

economictimes.indiatimes.com:

Zee Entertainment Enterprises Ltd. traded 0.55 per cent up at Rs 183.45 at around 12:25PM (IST) on Wednesday. The stock had closed at Rs 182.45 in the previous session.

Equity benchmark Sensex traded 25.78 points lower at 65453.27 around the same time. The scrip has declined 14.88 per cent in the last one year till date, while the 30-share index has gained 23.46 per cent during the same period. The stock's 52-week high price stood at Rs 286.9 and the 52-week low price at Rs 172.25.

Trading volume on the counter stood at 347,749 shares, while it quoted a price-to-earnings ratio of 369.79, an EPS value of 0.5 and a price-to-book value of 1.9. In the Nifty50 pack, 29 stocks traded in the green, while 21 stocks were in the red.Promoter/FII Holding Promoters held 3.99 per cent stake in the company as of 31-Mar-2023, while foreign institutional investors and MF ownership stood at 36.39 per cent and 27.88 per cent, respectively.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 2126.35 crore, down 0.04 per cent from the previous quarter's Rs 2127.23 crore and down 9.95 per cent from the year-ago quarter's Rs 2361.17 crore. The company reported net loss of Rs 196.03 crore for the latest quarter.Technical Indicators The MACD signalled a bullish bias on the counter.

The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect «buy» or «sell» opportunities.