Zee Ent. shares drop 1.34% as Sensex rises
Zee Entertainment Enterprises Ltd. traded 1.34 per cent lower in Thursday's session at 12:23PM (IST). The stock opened at Rs 261.0 and has touched an intraday high and low of Rs 262.4 and Rs 255.05, respectively, during the session so far.
The stock quoted a 52-week high of Rs 299.5 and a 52-week low of 172.25. About 347,904 shares changed hands on the counter so far.
Benchmark Nifty50 was up 34.35 points at 21653.05, while the BSE Sensex traded 121.05 points higher at 71778.76 at the time of writing of this report.
In the Nifty pack, 32 stocks traded the day in the green, while 17 were in the red.
Key Financials For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 2509.57 crore, up 25.59 per cent from the previous quarter's Rs 1998.26 crore and up 22.66 per cent from the year-ago quarter. The company reported net profit of Rs 122.96 crore for the latest quarter.
Promoter Holdings Promoters held 3.99 per cent stake in the company as of 30-Sep-2023, while FIIs held 35.0 per cent and MFs 30.09 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 235.0 on January 11, while the 50-DMA was at Rs 265.11. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
