Zee Ent. shares drop 3.9% as Sensex falls
Zee Entertainment Enterprises Ltd. traded 3.9 per cent lower in Thursday's session at 01:50PM (IST). The stock opened at Rs 167.3 and has touched an intraday high and low of Rs 167.95 and Rs 158.2, respectively, during the session so far.
Want to take exposure to a sector which grows much faster than GDP
The stock quoted a 52-week high of Rs 299.5 and a 52-week low of 152.5. About 1,133,933 shares changed hands on the counter so far.
Benchmark Nifty50 was down 155.66 points at 21298.3, while the BSE Sensex traded 561.48 points lower at 70498.83 at the time of writing of this report.
In the Nifty pack, 16 stocks traded the day in the green, while 34 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 31-Dec-2023, while FIIs held 28.19 per cent and MFs 32.49 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 235.28 on January 25, while the 50-DMA was at Rs 256.43. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
