Zee Ent. shares fall 2.58 per cent in Wednesday's trading session
Zee Entertainment Enterprises Ltd. fell 2.58 per cent to Rs 249.1 in Wednesday's trade as of 02:09PM (IST) even as the benchmark Nifty ruled at 20065.05, up 175.35 points.
The scrip had closed at Rs 255.7 in the previous session.
The stock quoted a 52-week low of Rs 172.25 and a high of Rs 290.5. The company quoted a market-cap of Rs 23926.54 crore on the BSE.
On BSE, 617,367 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at -234.18 times its trailing 12-month EPS of Rs -1.06 per share and 1.9 times its book value. The return on equity (ROE) stood at Rs 0.44.
Key Financials For the quarter ended 30-Sep-2023, Zee Entertainment Enterprises Ltd.
reported consolidated sales of Rs 2509.57 crore, up 22.66 per cent from the same quarter a year ago. The company reported 8.92 per cent YoY growth in net profit at Rs 122.96 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Wednesday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
