Zee Ent. shares drop 1.98% as Sensex rises
Zee Entertainment Enterprises Ltd. traded 1.98 per cent down at Rs 274.15 at 12:02PM (IST) on Tuesday, even as BSE benchmark Sensex gained 177.84 points to 67304.92.
The stock had settled at Rs 279.7 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 290.5 and Rs 172.25, respectively.
As per BSE data, total traded volume on the counter till 12:02PM (IST) stood at 12:02PM shares with turnover at Rs 8.56 crore.
At the current price, shares of the company trades at -235.25 times its trailing 12-month earnings per share of Rs -1.17 per share and 1.9 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.98.
Shareholding Details Promoters held 3.99 per cent stake in the company as of 30-Jun-2023, while FIIs owned 33.4 per cent and DIIs 40.61 per cent.
