Zee Ent. shares down 0.47% as Nifty gains
Zee Entertainment Enterprises Ltd. traded 0.47 per cent down in Thursday's trade at 12:27PM (IST). Around 442,818 shares changed hands on the counter.
The stock opened at Rs 147.85 and touched an intraday high and low of Rs 148.5 and Rs 145.95, respectively, in the session so far. The stock of Zee Entertainment Enterprises Ltd. quoted a 52-week high of Rs 299.5 and a 52-week low of Rs 138.0.
As per BSE, the total market cap of the Zee Entertainment Enterprises Ltd. stood at Rs 14119.64 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 2073.36 crore for the quarter ended 31-Dec-2023, down 17.38 per cent from previous quarter's Rs 2509.57 crore and down 2.53 per cent from the year-ago quarter's Rs 2127.23 crore.
The net profit for latest quarter stood at Rs 58.54 crore, up 140.71 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2024, domestic institutional investors held 28.46 per cent stake in the company, while foreign institutional investors held 19.18 per cent and the promoters 0.22 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of -201.79 and a price-to-book ratio of 1.9. 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.
